My friend will be retiring shortly from the Civil Service.
She's 60 and will have about 20 years full-time equivalent service - she's been a civil servant forever but has only 20 "years" service as she works part-time and took breaks to look after the kids, etc.
If her FT salary is €80k, she will get a pension of €20k and a lump sum of €60. My question is what is her max allowable lump sum. Is it 1.5 x €80k?
She's 60 and will have about 20 years full-time equivalent service - she's been a civil servant forever but has only 20 "years" service as she works part-time and took breaks to look after the kids, etc.
If her FT salary is €80k, she will get a pension of €20k and a lump sum of €60. My question is what is her max allowable lump sum. Is it 1.5 x €80k?