However, as things stand, I may work till I drop since the '48 stamp per year' rule is still in effect. .
While you need an average of 48 for a 100% pension, once your average is over 20 you qualify for a 98% pension.
In your case, even if you never make any further contributions, your average when you reach retirement age will easily qualify you for this slightly reduced pension.
http://www.welfare.ie/EN/Publications/sw122/Pages/7Whatarethevariousamountsofstandardratepension.aspx
Just found this link on welfare.ie......it would appear that 30 year plan must be going through as it's now listed on their site.During the term of the last government, it was planned that by 2020, those who had paid 1560 'stamps' over their working life (about 30 years worth) would be entitled to full, contributory state pension upon retirement, as is the case in the UK. Does anybody know if the current government has dropped this plan? Are we still going to have to maintain an average of 48 'stamps' per year across our working lives (as has been the case until now) in order to qualify?
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