2bmortgagefree
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Can your public sector employer refuse to grant you cost nuetral early retirement or if you apply for it are you guaranteed to be approved for it?
No, unless dramatic events force changes in policy.
If I avail of Cost Nuetral Early Retirement at say 55 do I get 58.2 percent of my pension straight away. Yes
Also do I get 82.4 percent of my lump sum at that point. Yes.
What is the best way to bridge the gap in income from age 55 to 65.
Speak to a financial advisor such as SBarrett of this parish or similar but yes, PRSA/AVC would help supplement the shortfall.
Can your public sector employer refuse to grant you cost nuetral early retirement or if you apply for it are you guaranteed to be approved for it?
If I avail of Cost Nuetral Early Retirement at say 55 do I get 58.2 percent of my pension straight away.
Also do I get 82.4 percent of my lump sum at that point.
What is the best way to bridge the gap in income from age 55 to 65.
Early Riser - Would the OP be eligible for a supplementary pension?
Not until 65 - the "normal retirement age" for post 2004 entrants.
Is that correct? I don’t know myself; I’m just double checking whether you’re sure. If someone avails of CNER, do they get the State Pension element of their public sector pension early as well, or is there a big shortfall?
Thanks. It’s a tricky area to put it mildly.
I thought a pre 2004 entrant simply got 50% of their final salary if they do 40 years.
i.e. €45k for a €90k salary with a portion of that being the State Pension.
If you retire at 60/65 and you’re getting your full pension, do you get one payment a month or different payments from different sources?
Would the person who retired at 50 not get JB at age 50? I know it only lasts 9 months.
Would the person who retired at 50 not get JB at age 50? I know it only lasts 9 months.
would the supplementary part also be actuarially reduced on CNER?
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