Should pension payments be increased for retired government workers?

A government pension is a fund into which a sum of money is added during the period in which a person is employed by the government. When the government employee retires they are able to receive periodic payments from the fund in order to support themselves. As the birth rate continues to fall and the life expectancy rises governments worldwide are predicting funding shortfalls for pensioners. Workers in Ireland can begin receiving pension payments at the age of 65. Each retired worker may receive up to €11,975.60 per year. The age at which a worker may start receiving pensions will…   increase to 67 in 2021 and 68 in 2028. Opponents of pension increases argue that they will lead to higher taxes on younger generations due to the declining birthrate. Proponents argue that pensions should be increased to match inflation and support the elderly.