Public sector pension entrance post 1995-2004 part-time work and lack of parity with pre 1995 retirees?

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Irish angst

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My query relates to the obvious anomaly of work and no work permitted between those who retired earlier than 66 on the D stamp versus the A stamp integrated pensions with (1/3 of full pension made up of the job seeker 9 months payment and then supplementary pension until state pension kicks in). My sense from the regs is that I would lose a third of my pension (aka the supplementary pension benefit) if I worked in private sector even 1 day a week? This is taking valuable experience out of the system and is definitely discriminatory towards those post 1995 retirees. People pre 1995 on D pensions receive full pension and can work too. Why has this still not been addressed via the parity agreement for post 1995 integrated pensions with those on the D stamp older pensions? Very frustrating. The whole integration process is riddled with unclarity and very poorly contructructed. Must be causing no end of admin headaches and many in SW etc., don't even understand it.
 
Look on the bright side you got an extra 5% more than the Claas D worker to pay PRSI as part of the agreement most D payed 1.96% A stamp 4%
So you take home pay was 3% more than a D worker,
Not going to be changed, Union not on your side they negotiated it,
Just to add Teachers paid 6.5% on class D before 1995,
The D stamp was gone past it sell by date by 1995,
 
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Irish angst said:
Why has this still not been addressed via the parity agreement for post 1995 integrated pensions with those on the D stamp older pensions?
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Well the people involved in negotiations would have been existing D pre 1995 workers, They were hardly going to put a new clause in the existing D stamp old agreement that was not there already,
The old agreement had a loophole for want of a better word allowing anyone retiring at 55 and returned to full employment intill 65 to get a second full state pension in 1995,along with a full D stamp pension,
 
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The point is parity was agreed via national agreements for those who joined between 1995-2004 paying A stamps . Integrated A retiree cannot work as self-employed (as will lose 1/3 of their pension) whereas as the D retiree can and retains entire pension.
Effectively there is not parity of pay and conditions regarding the pension between the two groups. As an aside - Class A integrated paid full superannuation to get their pension unlike D folks. Class A get some extra benefits from the contributory pension and D don't. So swings and roundabouts? It's boils down to the agreements that were made.
 
The agreement on parity only covered up to retirement, As I said people on both sides of the table were hardly going to be looking to close a loophole they D stamp holders on both sides of the table enjoyed after retirement,
My understanding was Class A integrated paid full superannuation only on the portion above the state contributory pension, in other words it is levied something like this,
Lets say full state contributory pension is 15,500 euro so 30,000 euro would be payed out of the PRSI to fund,
 
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It's simple isn't it? Allow post 1995 retirees to work between ages 60 -66 (pay tax as relevant on that work) and keep their pension same as those D pre 1995. No loop holes to close. Just making things equal.
 
Irish angst said:
It's simple isn't it? Allow post 1995 retirees to work between ages 60 -66 (pay tax as relevant on that work) and keep their pension same as those D pre 1995. No loop holes to close. Just making things equal
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The problem is once you are a A stamp you pay PRSI the same as a private sector worker and if they did that it would open up a big can of worms,
They already have given you more than a private sector will get paying the same PRSI Amount Built into the agreement up to your retirement,
After retirement not so,
I Remember in 2020 general election A public servant running for office pointed out that it would be unfair to increase the pension on private sector workers because of the agreement reached in 1995 in the public service,
FF and FG got down of there high horse very quickly and closed the can of worms they were after opening,
 
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The other issues about the nightmare of administration of the integrated pension has been well discussed in other posts and nothing major has been done to fully resolve this. Many folks at the coal face of dealing with it still don't understand it. Not blaming them as it couldn't be more convoluted even if they tried to make it so. Why do we complicate things? Like our urban Dublin roads..... looking like a children's drawing and obstacle course rolled into one and no one really knows exactly the rules anymore.
 
It is as clear as mud the rules in relation to PRSI are bent a little in the 1995 agreement to allow public servants to retire on the same pension as D stamp,
 
Irish angst said:
Why do we complicate things? Like our urban Dublin roads.
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Well would you like it to be made simple like it is in Denmark, the pension age is set the same for everyone when the raised it to 67 it applies to everyone retiring same for public and private sector,
 
One other possible point of disparity between pre-1995 and post-1995 (pre-2004) is spouses pension. My understanding is that should someone retiring from the pre-1995 scheme on full pension die during retirement, their spouse receives 50% of their full pension. Whereas, the spouse of a post-1995 (pre-2004) retiree who dies with full pension, will only receive 50% of the occupational part of the pension and none of the COAP - therefore their pension will be 2/3rd of the pre-1995 spouse. Is this correct?
 
Is the OSP affected by a person receiving Carer's Allowance? The pre 95's can receive Carer's Allowance ( not dependent on prsi contributions) without any reduction in their pension. Carers Allowance is not listed as a relevant payment, on the most recent circular, but it is a social welfare payment. So does it lead to a reduction in OSP?
 
The Bereaved Partners pension is not paid, if you are already in receipt of a state pension? And, if you are receiving a public sector supplementary pension, this will be removed. So, it is still not comparable to the pre 95 pension arrangements.
 
The bereaved partners pension is paid in addition to half the PS pre 95 pension for widow or widowers of those who paid class D regardless of whether they are still in full time employment themselves or not. It will of course be taxed accordingly.
 
Agree re the skills lost Irish Angst:

I am a secondary teacher and we regularly get in retired teachers to plug gaps that couldn't be plugged any other way. They are qualified and can easily slot in and keep the class up to speed in cases where a teacher may be out for a few weeks or months. Most are happy to come back for short stints and principals are grateful that they have cover especially for exam classes.

This will be a problem in the future - who would forfeit 1/3 of their pension to take up work that they will be taxed up to 40% on.
 
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