Farmers’ retirement pension indexation
The Minister said retirement-scheme annuities are already adjusted annually for consumer price changes, and amendments to the relevant EEC directive are due for review.
andMr. D. Moynihan asked the Minister for Agriculture if he will arrange with the EEC to provide a consumer price index linked pension scheme for farmers who sell their land under the EEC farm retirement scheme; and if he will make a statement on the matter.
Comment on this
The annuities paid to farmers who retire under the existing farmer retirement scheme, which is operated under EEC Directive 160/72, have for some years past been revised annually to take account of changes in the consumer price index. Amendments to Directive 160 are due for consideration in the course of the review of the EEC Structural Directives which is taking place this year.