Early retirement pre 1995

[Browneyedgirl4]

If you are pre-1995 and wish to retire early from the public sector and work in the private sector (with a view to building stamps to obtain a part/full state pension) do you have to commence working before aged 56. Anyone have any advice on this? Thanks

 

[bstop]

If you are talking about needing 520 paid A contributions, you probably have a few years of paid A contributions already from your unestablished period. You need to check your Prsi record to see how many A contributions you have. Also if you get 260 paid A contributions you would be eligible for a "pro rata" mixed class contribution pension.

 

[gipimann]

Not everyone may have an unestablished (or temporary) period of work prior to permanent service.
At the moment, PRSI contributions are counted up to the year before you turn 66, those paid in your 66th birthday year won't be counted. This may change in the future.

 

[LDFerguson]

Also worth noting that in the original poster's situation, it might be possible for her to set up an ARF upon retirement from the public sector, if she has paid AVCs prior to retirement. Withdrawals from the ARF attract Class S PRSI, which counts towards qualifying for the State Contributory Pension.