Would his wife not get a supplementary pension at age 57 to make up for not getting the state pension?If you retire at 57, you will be paid a reduced pension as pointed out. However, your OH, as she is a 2004 entrant will be on an "integrated " superannuation scheme. AFAIK, she will not get the state pension until 66 or so. Her actuarially reduced pension would be quite small.
Just got reply back on this query from my HR department:Just seen that the age for the State pension is going up to 68, damn cutbacks gonna leave an even greater gap!!
Just got reply back on this query from my HR department:
Supplementary pension is payable to fully insured Employees(Class A PRSI) from their minimum retirement age. A New Entrant who avails of Cost Neutral Early Retirement would be eligible to apply for Supplementary Pension on attaining minimum retirement age of 65 years. Please note that by the time a person who is 57 now reaches age 65, State Pension Age will be 67 (from January 2021).
My understanding is that it is only a matter of funding. Total pension payable 40k, employee may lose the employer's 12k at 65 but will get it instead from the state.Slim, does that mean that a "pre '04" public servant with a retirement age of 60, a salary of €80k, 40 years of service at 60 and an "integrated pension" will get €40k of employment pension at 60 and circa €28k of employment pension plus circa €12k State Pension at 66/68/70?
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