Job Seeker's Benefit While Waiting for Pension Set Up

L

LiferT

Registered User
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34
Hi All

In a previous post I said that I intended to stop working next year at the age of 63.

I have heard that my pension provider needs to sell my existing portfolio and then transfer the funds to the new provider who will set up an ARF with a new portfolio.

This process could take several months to complete.

In the interim period between stopping work and the setting up of an ARF from which to draw income, can I claim Job Seeker’s Benefit?

Thanks in advance.

LT
 
Note. If you leave your job voluntarily to retire then you probably would be disqualified from the first 9 weeks of job seekers payment, by which time the pension willl likely be available

50
 
As it happens I took early retirement 2 years ago aged 63. I applied online for Jobs Benefit and was honest, just stating I was taking early retirement. There was no problem and I received my JB the following week!
 
As it happens I took early retirement 2 years ago aged 63. I applied online for Jobs Benefit and was honest, just stating I was taking early retirement. There was no problem and I received my JB the following week!

Like

Safer to say something generic like stress or burnout and avoid the word retirement. Particularly if under 60.
 
LiferT said:
In the interim period between stopping work and the setting up of an ARF from which to draw income, can I claim Job Seeker’s Benefit?
Click to expand...
You can claim JSB as long as you satisfy the requirement of actively seeking employment.

It doesn’t necessarily end with your receipt of a private pension. JSB is not means tested so you can potentially continue to receive it as long as you satisfy the conditions.
 
At 63 you wont have to engage with DSP for back-to-work programs...


"most jobseekers over the age of 62 do not have to engage with the Department of Employment Affairs and Social Protection’s activation process, do not have to sign on monthly and can have a payment such as Jobseeker’s Benefit paid directly to a bank account. Jobseekers over the age of 62 can take part in activation voluntarily (for example, training or employment support programmes)."

and

Older people and jobseeker's payments

An overview of the special provisions that apply to older jobseekers and people who retire early.
www.citizensinformation.ie www.citizensinformation.ie

"If you are claiming Jobseeker’s Benefit, Jobseeker’s Benefit (Self-Employed) or Jobseeker's Allowance and are aged 62 or over, you will:

  • Not be required to engage with the compulsory activation process and you will not be subject to penalty rates for non-engagement (unless you are already taking part in an activation programme)
  • Be placed on a yearly signing arrangement and most claimants will be transferred to Electronic Fund Transfer (EFT) payments. Yearly signing on arrangements do not apply to some people such as casual jobseekers who must submit weekly dockets.
You can voluntarily avail of a range of supports (for example, training or employment support programmes) from the Department of Social Protection.

Note that to qualify for either Jobseeker’s Benefit, Jobseeker’s Benefit (Self-Employed) or Jobseeker’s Allowance you must be genuinely seeking work and be available for full-time employment and these conditions continue to apply to all jobseekers."
 
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