(1) The Minister may, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform -

(a) prescribe a different age than an age specified in section 50(2)(a);

(b) prescribe a different amount than the amount specified in section 50(3);

(c) prescribe a different age than an age specified in section 53(2)(a).

(2) The age or amount prescribed under subsection (1) shall be such as the Minister considers appropriate having regard to the following:

(a) the general state of society and of the economy;

(b) the public interest and the interests of employees and employers;

(c) the impact that the substitution may have -

(i) on society and the economy, and

(ii) on employees or employers, generally or in particular sectors or particular kinds of employment;