ARF payments after 65 PRSI implications

fayf

Frequent Poster
Messages
38
If a recently retired person aged 60, is getting monthly payments from their ARF,i know they will be PRSI deducted at 4% class S1 up to the age of 65, and these qualify as insurable weeks, for state contributory pension benefits.

But when they stop paying PRSI at age 66, does this mean they no longer have insurable weeks, allthough the class changes to class J i think.

If this is the case then, how does someone who has calculated they will be slightly short on insurable weeks, to get the maximum state contributory pension, bridge this gap. You currently need an average of 48 insurable weeks (since you first started in the tax/prsi system, up to age 68)to get the maximum state pension, so the 2 years of age 66 & 67, where no PRSI is paid, could be crucial in this regard, and i am wondering, is there a solution to the possible shortage of insurable weeks.
 

mtk

Frequent Poster
Messages
455
If seeking work could they not register for PRSI credits (assuming unemployment benefit has run out and not eligible for unemployment assistance as means tested) ?
 

fayf

Frequent Poster
Messages
38
I assumed that if drawing from their ARF, that signing on for credots would not be possible, but i am unsure if this is the case
 

fayf

Frequent Poster
Messages
38
I assumed that if drawing from their ARF, that signing on for credits would not be possible, but i am unsure if this is the case
 
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