Key Post: Superannuation: Civil and Public Service Pensions

[legend99]

Re: Superannuation: Civil and Public Service Pensions

Not quite. Post-'95 public servants pay less than the 6.5% superannuation rate paid by their pre-'95 colleagues. The reduced rate of contribution accounts for the fact that they don't actually get the social welfare contibutory pension unless their public service pension is very low.

So do you know what actual % they pay so???

 

[oysterman]

Re: Superannuation: Civil and Public Service Pensions

So do you know what actual % they pay so???

3% of Pensionable Remuneration + 3.5% of Nett Pensionable Remuneration*.

* Nett Pensionable Remuneration = Pensionable Remuneration less twice the maximum personal rate of the Old Age Contributory Pension.

 

[legend99]

Re: Superannuation: Civil and Public Service Pensions

thanks for the info!

 

[ajapale]

Re: Superannuation: Civil and Public Service Pensions

Im making this post Superannuation: Civil and Public Service Pensions into a key post.

aj

 

[mula]

Hi, I have a question about superannuation. Basically I'm very unclear as to what it is.
I understand it is a governement pension for state employees like doctors and nurses.
My question is is it enough, do you need to get an additional private pension to be comfortable in retirement?
Thanks

title edited by ajapale

check out www.cspensions.gov.ie

oops should have read the complete thread