Search results

[broken link removed]

Leave Jim alone, he is one of the entitled and how could a man on the Chartered Accountants Ireland Ethics Committee for the past ten years be wrong... Don't question your betters! [broken link removed]

Your salary will be cut to €65,000, it will not fall below this if the CP II proposals are accepted. (Not sure what is meant by tax hike)

The reason the liability of S&C has to be paid, is that if you were to die before your spouse he would receive a pension based on your potential service at age 65, had you not retired on the ill-health. It is irrelevant what age he is. He cannot opt out. On the ill-health addition of 6.5 years...

Cailte, yes (under current rules), you should be eligible for a supplementary pension until you receive benefits from social welfare and do not work after retirement. I would suggest that you request a benefit statement from your HR department now. Evening

Let us take two teachers retiring after 40 years service on pensionable remuneration of €60,000. State Pension = €12,000 One retires in 2013 at age 60 on PRSI class D i.e. pre 6th April 1995. This teacher will receive a pension of: €60,000 x 40 years x 1/80 = €30,000 from the Department of...

The Public Sector Pension Reduction www.finance.gov.ie/documents/publications/guidelines/faqpubsecpensreducmar11.pdf It was introduced from 1st January 2011, what has been announced this week is introducing a further reduction (see point 2) in the portion of a person's pension over 100,000.

Brenmac, The deduction of 1% for professional added years can only be deducted at retirement as added years can only be awarded at retirement. As the added years are a bonus and don't relate to earlier years I don't know how you could claim tax relief for 2010 on them - just my opinion. E

Egl, What part of the public service are they in HSE, Local Authority (LA), Civil Service etc? Supplementary pensions as I understand are paid to a PRSI class A person (it is not payable to a D class person) who retires before 65/66 and are not in receipt of social welfare or working...

See the attached link http://www.finance.gov.ie/viewdoc.asp?DocID=6667 which indicates that lump sums over €200,000 are taxable from the 1st January 2011. In regards the article, come on, you hardly expect a full, accurate and well researched story? The line where they say the lump sums will be...

I would agree with how the spouse's pension was calculated above. However in regards the lump sum I would be of the opinion that the legal personal representative would receive the minimum death gratuity in this case a year's salary i.e. €60,000. However I say this on the proviso that benefits...

p, You can retire at 65, you should ask the question re change in state pension age directly to your HR department. (For what it is worth I believe that if you were to retire at 65, were not working and did not receive anything from social welfare, then you could be get an an increased pension...

If you leave your public sector job with less than two years public service, you will be refunded your superannuation contibutions less 20% tax liability. If you leave after having two years served, your superannuation benefits will be preserved until you reach retirement age.

L, contact your HR department. It is probable if you have contributed for longer than a minimum period of time (for example over two years) to the pension scheme that your benefits will be preserved with the body until you reach retirement age. If you have not contributed for the minimum period...

3CC, after you transfer to the new LA they will write to your old LA asking them to confirm your service, have you any other service with other LAs and if any contributions are outstanding on the service. It is your service where an accurate record needs to be kept. There is no ongoing tally of...

I understood that the Croke Park Draft agreement provided at Clause 1.17 that “There will be an extension of the period by a year within which the January 2010 pay reductions will be disregarded for the purposes of calculating Public Service pension entitlements” This commitment effectively...

Twoshort, The first option the VEC have advised is known as preservation of benefits, you would not get your pension and lump sum paid until age 60. Homeboy is referring to Cost Neutral Early Retirement (I am presuming it is available in VEC), where retiring before 60 and taking this option...

Lorraine, as Berni states it will depend on the pension scheme. Have your A/cs dept. advised if you are getting a refund of your superannuation contributions or was it a non contributing scheme? If you are receiving a refund of your normal superannuation contributions then I would expect that...

Marianne, you friend needs to get information from his employers regarding whether or not a supplementary pnesion would be payable if he was to retire from age sixty. The supplementary pension is payable in the Local Government Superannuation scheme when a person retires before he/she is...

Gordon, what pubic sector are you talking about? You can transfer from private to public in some schemes. You would need to get a statement from the private company stating the value of the pension. This € amount could be transferred into the public scheme by purchasing service. For example...