O’Hara puts forward proposal to solve pensions crisis

A Sligo/Leitrim general election candidate says there’s been a lot of talk about the pensions crisis but little in the way of a solution.

Independent Bernie O’Hara is proposing that a solution could be found by the State pension fund buying up debt that is currently being taken up at massive discounts by vulture funds in a scheme that would be managed by county councils.

She says this would help hard-pressed people in debt by reducing payments and extending their time to pay, while profits would result in there being enough money for the pension age to remain the same.

She outlined what she has in mind to Ocean FM News: