reels post

All about News

Hot News

‘Iceberg’ of state pension costs lurking ahead of us warns IFAC chair Michael McMahon

The amount of money spent on the state pension annually has grown by 50pc in the last decade writes Paul O’Donoghue

‘You’re starting to see the effects now of it rising, but it will bite in a big way from 2035 or so,’ says IFAC chair Michael McMahon. Photo: Getty Images

​The amount of money spent on the state pension has jumped by 50pc over the last decade, with a prominent watchdog now warning of an impending “iceberg” of surging costs.

Leave a Reply

Your email address will not be published. Required fields are marked *