If she retires early, she will have an opportunity to gain reckonable Prsi contributions up to age 70.If she actually falls below State Pension level how could this be made up, as she wouldn't be entitled to a State Pension on Class D ?
"Does she not get a pension statement each year?"Not to scale but to illustrate idea behind calculations needed.
1988 to 2006 Full time so approximately 18 years
2006 to 2012 career break so approximately 6 years at zero.
2013 to 2019 job share at 50% so 7/2 = 3.5 years
2020 to 2023 full time so approximately 4 years
Approximate service years to date 18+0+3.5+4 = 25.5 "full service" years from a possible 35.
In 2023 age 54 so potentially 6 more "full" years.
So 25.5+6 =31.5 "full service" years.
Possible pension is (salary/2)*(31.5/40)
******** Terms an conditions apply**********
This was just to outline possible calculations involved.
Does she not get a pension statement each year?
Many public service bodies are an absolute disaster when it comes to pension entitlements, particularly in the health sector.Does she not get a pension statement each year?
Thanks BlackandBlue.Not to scale but to illustrate idea behind calculations needed.
1988 to 2006 Full time so approximately 18 years
2006 to 2012 career break so approximately 6 years at zero.
2013 to 2019 job share at 50% so 7/2 = 3.5 years
2020 to 2023 full time so approximately 4 years
Approximate service years to date 18+0+3.5+4 = 25.5 "full service" years from a possible 35.
In 2023 age 54 so potentially 6 more "full" years.
So 25.5+6 =31.5 "full service" years.
Possible pension is (salary/2)*(31.5/40)
******** Terms an conditions apply**********
This was just to outline possible calculations involved.
Does she not get a pension statement each year?
She did, about a year ago..... no response. The person there actually retired ...Has she asked her superannuation dept for an estimate?
From the OP the lady in question here appears to be working for a "local authority".
Which I would assume is a County Council.
Perhaps someone who works in one or the OP can advise on what type pension statement, if any, they usually get.
Depending on her job share schedule, she could have 52 D class PRSI contributions, but only 26 weeks reckonable service for her job share years.As stated at #2, she should get her Prsi record from DSP and that will tell how many weeks of class D employment she has.
She should also ask for all her data held by each of her employers. Specifically ask for all data relating to her period of employment, wages details and superannuation details.
A data request is covered by legislation and the data must be supplied in a certain time period.
Correct. SPSPS members must be provided with an annual statement (for the prior year) by June 30th of each year.In the SPSPS, somebody told me there are annual statements?
That's correct they send yearly statement for Single SchemeMy comments here apply to PS pension schemes excluding the SPSPS.
I have never heard of any employer routinely issuing an annual pension statement.
My parent is a retired teacher - no such concept in the education system. I have enough cousins who are teachers that I would have heard about it.
Local authorities - good friend in Co. Co. - no such thing - I would have been told about it if there was.
Third-level education = no such thing.
My own employer allows staff to log into HR software and see a pension statement, but a new one is not routinely issued to staff.
In the SPSPS, somebody told me there are annual statements?
If someone was due to retire, how is pension calculated?She did, about a year ago..... no response. The person there actually retired ...
Fell at the first hurdle - tried twice in past 10 days... MyWelfare.ie
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