Hundreds of Donegal pensioners to benefit from 2012 anomaly corrections

first_imgThe Government has today agreed to address the state pension changes of 2012 that caused up to 42,000 people to lose out on full payments. A change to pensions calculations was implemented in 2012 that caused pensioners, mostly women who had taken time out of paid work, to miss out on up to €35 per week in their pensions.In a new system announced today, new Total Contributions Approach will calculate pensions based on all contributions made over a working career. From Autumn 2018 the Department of Welfare will invite over 40,000 pensioners, currently assessed under the 2012 rate band changes, to have their pensions recalculated. The move was welcomed by Donegal Deputy Pat the Cope Gallagher. He said these changes being introduced by the Government will benefit hundreds of Donegal pensioners who are in receipt of a lesser pension since 2012.“The changes brought in in 2012 severely disadvantaged thousands of pensions in Donegal and over 40,000 pensioners nationwide,” Pat the Cope said.He added that the Government announced significant improvements to pension calculations for post-2012 pensioners with contribution gaps for homemaking and caring who were assessed under the pension rate band changes in 2012. The changes introduced today are: A Total Contributions Approach (TCA) including a new ‘Home Caring Credit’ of up to 20 years will address anomalies from the yearly averaging systemOver 40,000 pensioners assessed under the 2012 rate band changes will be contacted from Autumn 2018 and invited to have their pensions reviewedPensioners who qualified after 2012 will receive the higher of their current rate or the new TCA rateHigher rates will commence from 30th March 2018First payments at these higher rates and any arrears payable from 30th March 2018 will be made in Q1 2019From now until the full implementation of the TCA, this option will be available to all new pension applicantsPat the Cope stated: “These changes would not be introduced only for the massive pressure the Government were put under on this issue – it is essential now that these changes are implemented without delay and the transition to the new rate is seamless and that no one is left in any financial difficulty due to the changes. “The Government must ensure that a full reimbursement is carried out for every recipient that was left disadvantaged due to the rule changes in 2012. I am delighted that this problem which was created by a previous Fine Gael Government is now at long last being corrected. “ Hundreds of Donegal pensioners to benefit from 2012 anomaly corrections was last modified: January 23rd, 2018 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Deputy Pat the Cope Gallagherpensionslast_img read more


December 22, 2019 0