Eligibility for State Contributory Pension

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Biffo123

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Hi,
I worked for a semi state body from 1968 until 2009.
I have 201A contributions between 1968 and 1972
From 1972 until 2009, when I retired, i have D contributions
Between 2010 and 2012 I have a further 71A contributions.

This is a total of 272 A contributions.

Since then I have paid Voluntary contributions. At the end of 2017 ( 66 in Jan 18) I will have 558 Contributions.
When averaged over 50 years i will have an average of 11 contributions per year

What amount of State Pension will I receive based on today s calculations?
 
Based on the above you should qualify for a ProRata Pension of c10.5/50 x State Pension. So circa €50 per week.
 
A yearly average of 11 contribs. should give you a pension of €92 personal rate + QA rate (if applicable).
However there also D contributions which may alter the situation and be calculated as a Mixed Rate ProRata pension.
 
Thank You for replies.
Originally i thought that I would get 92E but I'm inclined to agree with Conan that it would be 50E.

I pay voluntary contributions at A contribution rate. This will cost me 1,900E a year for next 4 years. That is a total of 7600E.

I know that it all depends how long you live but is it sensible to invest 7600 E for a pension of 50E (taxable)?

How much would an annuity cost for a similar amount?
 
Biffo .

To buy a pension of 1,000 @ 65 you need a fund of 25,000 (I kid you not).
To buy your 2,500 would cost you 62,500.
From what I read ,if alive @ 65 and healthy you have 25 left !
Don,t let tax be a main guide.

Would suggest ,do it.
 
Can anyone throw some light on how the D contributions impact on contributory Old age pension.
 
D contributions do not count towards the eligibility for the State Pension.
 
To clarify -if all your PRSI contributions are D then you are a member of the non-integrated Civil Service Pension Scheme (joined pre 1995) and thus you civil service pension does not take into account any entitlement to a SW pension. Remember that D contributions are at a much lower rate and as such you don't make a contribution to be entitled to a SW pension.
If however you have a mix of D and A then you may be entitled to a pro-rata pension (see link above). But to be entitled you must have a certain minimum number of A contributions.
 
Conan said:
To clarify -if all your PRSI contributions are D then you are a member of the non-integrated Civil Service Pension Scheme (joined pre 1995) and thus you civil service pension does not take into account any entitlement to a SW pension. Remember that D contributions are at a much lower rate and as such you don't make a contribution to be entitled to a SW pension.
If however you have a mix of D and A then you may be entitled to a pro-rata pension (see link above). But to be entitled you must have a certain minimum number of A contributions.
Click to expand...

Thank you. Yes I worked in Local Government from 1976 to 1988 with a 15 month career break. I took an early retirement/redundancy package which gives me a pension of circa 6000 euro currently. I commenced full time employment in 2006 with part time / temporary work from Sept 2004. Since Sept 2004 I have full A contributions with a few credits here and there until April 2006. Since April 2006 I have full A contributions to a current date. Between 1988 and 2002 I had completed the census twice and so have a few A contributions from that period. I may also have a few A contributions prior to commencing in Local Government but these would be very few. I am now almost 59 and trying to plan what i might have for retirement and unsure whether I could continue in my job until 66/67 due to its demands, or also whether the position will exist until I reach pension age. I now have the minimum requirement of 520 A paid or credited contributions. I think I will be entitled to homemakers credits for about 7 or 8 years from 1994 but unsure whether having a small pension or doing the Census / Labour force survey might come against me for that. I also have a rental income and have had during the years from 1994 to a current date on which I pay some prsi contribution. However I don't think that will reflect in my pension contributions.

I have received a statement indicating my contributions from Sligo which was not entirely correct and which doesn't show any reference to the rental income My husband is self employed.

Any suggestions ideas or info appreciated. I will read up on the mixed rate contributions in the meantime.
 
Firstly you need to clarify your PRSI history with the Dept of Soc Protection ( their Buncrsna office). Check about Homekakers credit. That would reduce the number of years used as a divisor and improve your pro-rata %. Also check on any other A Contributions.
When you have a complete record, I suggest to visit your local Citizens Information office. They will help you work out your likely entitlement.
 
Conan said:
Firstly you need to clarify your PRSI history with the Dept of Soc Protection ( their Buncrsna office). Check about Homekakers credit. That would reduce the number of years used as a divisor and improve your pro-rata %. Also check on any other A Contributions.
When you have a complete record, I suggest to visit your local Citizens Information office. They will help you work out your likely entitlement.
Click to expand...

Thank you . i will follow that advice. Thanks for your help
 
I have read and reread the info on Pro Rata Pensions on social welfare website.
In order to qualify for a Pro rata pension do I need to make voluntary contributions. I have 272 A contributions.


Will I qualify for a Pro Rata pension with 272A contributions?

Will I qualify for a Prorata pension without making any further voluntary contributions?

If I do qualify without making further contr how much would I get?
 
Black Sheep said:
A yearly average of 11 contribs. should give you a pension of €92 personal rate + QA rate (if applicable).
However there also D contributions which may alter the situation and be calculated as a Mixed Rate ProRata pension.
Click to expand...
I have checked this out with a pensions officer in Dpt of Social wellfare. They calculate the pension using rule of 260 A stamps + Vol contributions to reach the target of 520. They also calculate your entitlement using Pro Rata rules. The pension you get is the one which is the bigger. So €92 is the amount.

Se also Operational guidelines on Dept Website.
 
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Sorry about jumping on this thread, my query is slightly different. I will be 66 early next year and will be entitled to the full Contributory State pension, €233.10 per week. I intend to continue working which is part time and will be earning €200 gross per week. My husband is 3 years younger than me and I was wondering if I could claim him as a dependent. I know he would be means tested. We have 2 property's which we have rented out and receive approx €150.00 per week before tax and expenses, he will be means tested on half of this or do they take the value of the property's and make up the income that way. Will half my wages be included in his means test? We own our own house and do not have any mortgage on the other property's.
Any help would be appreciated.
 
Conan, Have you any idea who can definitely clarify if you are entitled to the Homemakers credit, Is it the office in Buncrana or elsewhere. Also if you give up work in your early sixties who decides whether you sign for credits or pau a voluntary contribution.
 
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