Professional added years for public service pension

Discussion in 'Public sector pensions' started by The Ghoul, Mar 23, 2014.

  1. The Ghoul

    The Ghoul Frequent Poster

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    Is anyone here knowledgable on the awarding of professional added years to public servants for pension purposes.

    The formula for working out the number of years that can be awarded seems to be:

    19 + Q + E - 25 for those recruited after 2004.
    18 + Q + E -18 (provided that 18 + Q + E exceeds 25) for those recruited before 2005.

    Where Q is the minimum number of years necessary to obtain the required qualifcation for the position.
    Where E is the number of years of essential experience required for the position.

    Am I correct with this?

    Also, with regard to "E", is this the number of years of experience required on initial recruitment to the public service or the number of years required for the individual's current position?

    Eg two people start working in the public service in professional graduate grades (0 years of experience required)

    20 years later, one of them is still in the same grade while the other gets a promotion to a grade which requires 5 years of experience.

    Is "E" for now 0 for one and 5 for the other? Or is it 0 for both?

    Thanks
     
  2. Berni

    Berni Frequent Poster

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    It only applies on first entry, as far as I know.

    The purpose of offering it is to compensate for the years of service you would miss while getting the necessary experience.
    If your experience is gained while already serving, then you haven't missed anything, and can't reasonably expect to be credited for the same years twice.

    E would remain 0 for both in your example.
     
  3. The Ghoul

    The Ghoul Frequent Poster

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    Thanks, that would be my opinion also.

    However I know a few people (local authority workers) who are adamant that promotions while in service can increase "E".
     
  4. Berni

    Berni Frequent Poster

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    681
    If meeting the requirements didn't prevent them from getting 40 years of service, then I can't see that they would have a case for getting added years.
    Note that the second reference below says that prior service may affect any award of extra years.

    From the DSP green paper on pensions
    http://www.welfare.ie/en/downloads/greenpaperchapter13.pdf
    From the cspensions website
    http://www.cspensions.gov.ie/faq1.asp#28
     
  5. The Ghoul

    The Ghoul Frequent Poster

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    Thanks Berni for those links. I have been doing some googling myself and found mention of added year awards of "up to 1/3rd of actual service", I'm not sure how this relates to the formula I posted in my first post.

    1/3rd of actual service is mentioned in the quote below. This quote implies a minimum retirement age of 60 so I think it applies to those initially recruited before 2005 (or is it 2004)
    I spoke to a couple of people this morning and they had heard of the 1/3rd rule but were not aware of 18 + Q + E -18
     
  6. Echelle15

    Echelle15 Frequent Poster

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    This is the way I've been told PROFESSIONAL ADDED YEARS works for the local authorities. This applies for pension calculations and lump sum calculations from the local authority.
    Say service of 15 years and retiring at age 63:
    1/3 of 15 years is allowed less age difference between retirement age and 65
    this gives 15 years + 5 years less ( 65 –63)
    =20 years less 2 years = 18 years.
    However, can anyone inform me what years are used in the calculation of an AVC lump sum : the actual years or the actual years plus the additional years?
     
  7. DingDing

    DingDing Frequent Poster

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    I am currently working in an Institute of Technology. The requirements for my post were a degree and a masters. There was also a requirement to have 3 years post quallification service to become permenant which I did not have when I was recruited so I had a fixed term contract for the first couple of years. How many years should it take to get a Masters Quallification based on the calculation above. In my case it took a long time 10 years as I was studying part time.
     
  8. ABank

    ABank Frequent Poster

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    36
    The number of years allowed for a masters will be the minimum amount of time it would take a person to complete the course on a full time basis. If the post qualification experience was gained whilst working in the IOT on a temporary contract and this service is pensionable then the PQE period will not be allowed for added years.