- Final salary provision would be ended for all new public sector staff from 2011 when a new CARE Scheme would be introduced.
- Retirement ages would be increased from 65 to 66 with future increases linked to state pension age.
- An announcement that pension increases being linked to CPI rather than earnings was actively under consideration.
The reality of the Irish Budget at the end of 2009 was much better than the expectation as many of the ‘rumoured’ changes to pension provision failed to materialise as the Irish Government sought to plug close to a 12% deficit in their GDP. What was announced was:-