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I'm sorry if the posts seem long and convoluted - it's a complex matter that can't be explained in simpler terms. Both the employer and the member made the contributions on the basis that when the occupational pension and state pension were combined (integration), that the combined total would...

@Protocol - please go to page 80 of the booklet, section U: "(u) if the scheme provides an integrated pension (within the meaning of section 59C of the Act) the inclusion of a statement describing integration in the form set out below or in such other form as the trustees deem appropriate...

Almost. 233.30 x 52 = 12,131.60 x 3.333333 = 40,438.66. The first part of the formula is 1/200 of your salary below 40,438.66 = 202.19, multiplied by 35 years service = 7,076.76 The second part is 1/80th of the balance of your salary over 40,438.66 <50,000> = 9,561.41/80= 119.51, multiplied by...

Laramie, the thread is complicated because of conflicting advice, the issue is the "integrated" pension scheme. Across both the Private and Public Sector schemes this had the one aim, the principle underpinning both schemes, was that the combination of your occupational pension (that you paid...

Well I clearly upset you Joe. But the issue raised by the OP is affecting both schemes, public and private. Both members are seeing a shortfall in their pension entitlements and they are left with a significant shortfall and in a lot of cases they have no choice but to retire at 65. Personally...

Spot on Jim. The change exposed a problem that existed, but it didn't go unnoticed because a lot of people in both the private and public sector have made numerous complaints about the "integration" pension. They have complained that their occupational pensions are tiny, before the change in...

Protocol, you are being given false information. This is from the original agreement, it is repeated in legislation and in the rules of your scheme. You are being told that the supplementary pension is to bridge a gap from 62 - 66 when all the documents provided state otherwise, there is no link...

Did you pay a Class A PRSI stamp? Is your pension integrated with the SW system?

Go to the superannuation handbook, chapter 11 is retirement benefits: 11. RETIREMENT BENEFITS Return 11.1 Benefits: An officer who retires (a) having reached the minimum pension age; or (b) due to incapacity to discharge his/her duties on grounds of mental or physical infirmity not brought...

It sounds like she got the supplementary pension and again, when added to the occupational part - this would have provided the full benefit she was entitled to on the day she retired. But this is where the problem is, there is a misconception that PS pensions are "linked" to the state pension...

If she left at 65 then she should have claimed the State pension - both added together would have amounted to her total pension - of course it's supposed to be paid from her employer and the state pension paid directly to the employer - but that's another story.

You are entitled to 50% of your final salary to a max of 40/80ths on the day you retire. Your SW entitlements are "integrated" into your pension. The State pension age is not applicable to you because you are not in that pension scheme. You are in a pension scheme that promised you a specific...

The supplementary pension is only payable where you have no entitlement to a SW payment, or where you only qualify for a reduced level. http://www.nasra.ie/index.php?option=com_content&view=article&id=126:supplementary-pension&catid=64:pensions--personal-finance&Itemid=254 "Payment of a...

I posted this and it is from the Department of Social Protection: " Defined benefit schemes A defined benefit scheme is one where the benefit entitlement is defined in some way by reference to your earnings, your length of service, an index or a fixed amount. So, you know in advance that your...

http://www.pensionsauthority.ie/en/LifeCycle/Private_pensions/Final_salary_defined_benefit_schemes/ "Final salary defined benefit (DB) schemes are occupational pension schemes that provide a set level of pension at retirement, the amount of which normally depends on your service and your...

It's already been done, but for the record, it is my belief that the same principle applies to private DB schemes. When the state pension was increased the pension promise in both private and public DB schemes remained the very same, the employer is on the hook to fill the gap until you reach...

By the way - the pension modeller is wrong. When I enter my details it tells me: "If you retire at age 60 you would receive a once off tax-free retirement gratuity of €73,196, less the deduction of any outstanding contributions. You would also receive a pension of €14,498. Your pension would...

Everything was fine when the state pension age was 65 because most PS workers retire at that age. Nobody who joined post 1995 has completed 30 or 40 years on the integrated scheme - because 1995 was 21 years ago. There have been people badly affected by the misinformation relating to their...

http://oireachtasdebates.oireachtas.ie/Debates Authoring/DebatesWebPack.nsf/takes/dail2007030100083 "Minister for Finance (Mr. Cowen): Civil Servants appointed prior to April 1995 pay a modified rate of Pay Related Social Insurance (PRSI) and are not eligible for most Social Welfare benefits...

You are being given false and misleading information by people who do not know what they are talking about. I am asking you to read the two documents below carefully. It is the original agreement from 1995 and the Circular that was issued - please don't read some guy's "interpretation" of...