Search results

Just wondering in the private sector does the pension fund have any residual value that can be passed on as part of the estate. I pay a widows and orphans contribution and if I predecease my wife she will get 50% of my pension for life, once she doesn't remarry. If I had children, they would...

If it is a co-ordinated pension, which would apply to all civil and public servants since mid 90's. In the example above, The Public Servant if coordinated would get a state pension of aprox 14K If the Public Servant had full service, they would get a pension of 50% thats 35K. Of that 14K...

https://assets.gov.ie/14921/e4b49cdbb311495e83adb6cec8ac0bab.pdf The above document and its appendices give the calculation for lump sum AVC contributions. If you know the amount paid, the amount of years purchased and your age when purchased you should be able to reverse it back to find out...

Purchased 2.17 years notional service over 3 years between my 57th and 60th Birthday. Looking like I might stay another couple of years. If I was to stay till 62.5, would there be any actuarial increase in the pension. The document covering the scheme is linked below, but it does not...

The third option which may not be realistic is to get a promotion in the years before you retire. You need to be in the post for 3 years to get the full benefit of the promotion. Some posts may have progression to a higher grade if you meet certain criteria, in higher education, an assistant...

My friend is a long term tenant in the property. So the notice period is a long time. If the landlord tries to enforce the original notice where does this leave my friend. Should he request the statutory declaration. And does this reset the clock. The landlord would know the RTB will not...

HI, A friend of mine got a notice to quit his tenancy in writing, but it did not include the statutory declaration. The landlord was looking for the property for an immediate family member. They appealed to the tenancies board, however, they replied saying that they would not adjudicate as it...

Also thinking. There are a lot of bank holidays and mandatory leave days over that time. A couple of years to line up the ducks The key thing woukd be not to actuarialy reduce the PS pension.

Thanks S Class, thats a good idea. So If this worked, How many of my years employment could I convert to A class, given the best possible scenario, that is that work. finishes at 5pm and I get 4-5 hours in on my last day 31st December.

I have a birthday of 31st December and looking at retiring at 58, D Stamp employee. My payroll is weekly so the payroll period will cross the new year of the year I plan at retiring. If I retire before the 31 December my pension will be acturially reduces WRT my age of 57. If I retire after...

HI Stoves1 It is the local pensions administrator in my organisation. They said that the periodically recalculate the supplementary pension for retired staff, generally when there is a change in SW or a change in scales, or indeed a change in the individuals circumstances. They did say that...

A further update. The Department of education will only take an application within 6 months of a "Confirmed" retirement date. The employer in the forms is not the IoT / TU where I have worked for over 20 years, its the department, so when they talk about the employer approval / decisions these...

Also if you retire early, the NSP may be actuarily reduced. In my case I am buying some notional servise WRT 60 and another batch WRT 65. If I go before 65 I will he hit twice. The acturial reduction before 65 and you wont have also made all the payments you set out to make. Also important...

I was talking to my pensions administrator today and they mentioned that notional service that was purchased does not count for the supplementary pension. Anyone have any other information about this.

So the issue is that someone would have to be denied Job Seekers and then not get the supplementary pension and be at a monetary loss. There are probably other cases where someone is getting less than the equivalent person getting the non-coordinated pension.

I won an Financial Services Ombudsmans case about 15 years ago against the NIB. A number of us on askaboutmoney pooled our knowledge to submit a case to the ombudsman. The ombudsman at that time only made individual decisions and a number of us had to submit similar cases and they all had to...

I was thinking of retiring at 60, but I might hang on to 62 to avoid having to sign. Not being able to have the freedom to travel is a big disadvantage for me. I live nearly 3 hours away from Dublin / Belfast airports so Looking at late evening flights on a Friday evening, flying back on a...

The issue for me is the need to collect the payment personally weekly in a post office. This limits the ability to travel as you are only allowed a couple of weeks holidays in the year. I find this severely limiting.

I was at a union sponsored pre-retirement course and they hinted that negotiations were at an advanced stage regarding the need to sign and would be hopeful of an announcement. I didn't get a timeline, but I expected Months rather than years the way they were talking.

Thanks S Class, food for thought. :)