As you know Mr President, Ireland is very famous for non-cash benefits to our OAPs – free travel, free television, free phone, free electricity and so on.

As you know Mr President, Ireland is very famous for non-cash benefits to our OAPs – free travel, free television, free phone, free electricity and so on.

To safeguard economic sustainability as a basis for increased employment, Member States should, in view of the projected costs of ageing populations and taking account of the economic cycle , undertake a satisfactory pace of government debt reduction to strengthen public finances, reform tax systems , inter alia by reducing the burden on low wage earners, further reform pension and health care systems to ensure that they are financially viable while being socially satisfactory and accessible, and take measures to raise citizen's responsibility for pension systems, employment rates and high-quality labour supply (Integrated guideline No 2 ...[+++]).

the right for a majority shareholder to buy out minority shareholders ("squeeze-out procedure").

The difference is that the Members of Parliament Retiring Allowances Act does not provide an option for former members of Parliament to receive a retirement allowance until age 55, while the Public Service Superannuation Act provides the opportunity to receive significantly reduced benefits at an earlier age in certain circumstances.

These squeeze-out and sell-out procedures should apply only under specific conditions linked to takeover bids.