I work in the public service, and am a "post-1995" person who pays A1 PRSI. My pension is made up of my public service pension and also my social welfare pension. My minimum retirement age is 60 (reached in 2027) and I must contractually retire at 65 (reached in 2032).
What is the exact story with my social welfare pension? I understand that from 2028, we can all can only get the contributory social welfare pension at 68, and that the so called "transition" social welfare pension is being abolished from 2014. When I go into the the dept of finance pensions modeller with this info, it has me getting the social welfare pension at age 66, which appears wrong? When I get onto my HR dept, they seem as confused as I am!
My current understanding is that if I retire at age 60, provided I don't work in PRSIable employment, my employer makes up the difference, and then from 65 to 68, my employer makes up the difference regardless of whether I work in PRSIable employment or not.
Is this correct??? I'm sure there are lots of other people out there in this situation wondering about this!
What is the exact story with my social welfare pension? I understand that from 2028, we can all can only get the contributory social welfare pension at 68, and that the so called "transition" social welfare pension is being abolished from 2014. When I go into the the dept of finance pensions modeller with this info, it has me getting the social welfare pension at age 66, which appears wrong? When I get onto my HR dept, they seem as confused as I am!
My current understanding is that if I retire at age 60, provided I don't work in PRSIable employment, my employer makes up the difference, and then from 65 to 68, my employer makes up the difference regardless of whether I work in PRSIable employment or not.
Is this correct??? I'm sure there are lots of other people out there in this situation wondering about this!