I used the public sector pension calculator on cspensions.gov.ie
I would be employed in the public sector with a class A stamp.
(established worker after 1995) I ran the calculator with 40 years services and 50,000 pay. The problem is that someone in this situation won't get their full pension till the age of 66. What does the person do if the retire at 65 and only get 1/4 pension for the first year. Also if you retire early you won't get the portion of the pension based on the stamps till 66.
If you retire at age 65 you would receive a once off tax-free retirement gratuity of €75,000, less the deduction of any outstanding contributions. You would also receive a pension of €12,983. Your pension would be paid in arrears on a fortnightly basis. Based on your Class A Social Welfare status, you may also be entitled to a Social Welfare contributory Old Age Pension from age 66, currently €12,017.05 per annum. If through no fault of your own you fail to qualify for a Social Welfare benefit, you may be entitled to a supplementary pension.
I would be employed in the public sector with a class A stamp.
(established worker after 1995) I ran the calculator with 40 years services and 50,000 pay. The problem is that someone in this situation won't get their full pension till the age of 66. What does the person do if the retire at 65 and only get 1/4 pension for the first year. Also if you retire early you won't get the portion of the pension based on the stamps till 66.
If you retire at age 65 you would receive a once off tax-free retirement gratuity of €75,000, less the deduction of any outstanding contributions. You would also receive a pension of €12,983. Your pension would be paid in arrears on a fortnightly basis. Based on your Class A Social Welfare status, you may also be entitled to a Social Welfare contributory Old Age Pension from age 66, currently €12,017.05 per annum. If through no fault of your own you fail to qualify for a Social Welfare benefit, you may be entitled to a supplementary pension.