Labour Party aims for €200 pension by 2004

The Labour Party leader, Mr Quinn, said today that his party had committed itself to increasing the old age contributory pension…

The Labour Party leader, Mr Quinn, said today that his party had committed itself to increasing the old age contributory pension to €200 by 2004 over the next two budgets.

Mr Quinn was speaking while campaigning in Dublin North this morning and said his party is committed to linking pension increases to increases in wages.

He said that all long term pensions will be increased by 35% over two years.

The Labour party leader said that based on projected increases in earnings the contributory old age pension would grow to €247 by 2007. He added that under the proposal pensioners would be receiveing 24% more than under the current Fianna Fail proposal.