“If old age pensions can’t be cut, the axe must fall on fringe benefits. €966m is being spent on free schemes — without a means test. Pensioners have been exempt from cuts to date. This is despite a significant reduction in the cost of living. Current pensioners receive defined benefit private pensions that will be unattainable to younger generations.” (Irish Examiner, October 14, 2010)
But what happens if your mother loses her home because you mortgaged it to save your business?