Monaghan-based spokesperson for Age Action, Celine Clarke, said today's €12 increase to the old age pension does not replace all the spending power elderly people have lost since 2020.
Age action welcomed the creation of the Future Ireland Fund as a "sensible development" but said many elderly people would have wanted an increase in the living alone allowance.
Head of Advocacy at Age Action, Celine Clarke, said while older people will be grateful the pension increase is "more than a fiver", the core rate would need to be increased by a further €19, on top of the €12, to have the same spending power it had three years ago.
"The majority of people who depend on the state pension for the majority of their income will be dismayed the increase wasn't more," Ms Clarke told Northern Sound.
"We have consistently seen the value of the state pension has not kept pace with inflation and has been eroded," she continued.
"Age Action had called for €30 because that's what the loss to spending power the state pension is."
