How to View Pension (Public Service)

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Moon Unit

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Hi. This may be a silly question but how do I view how much is in my pension? My significant other (public servant - non teacher) gets a breakdown of it sent out every year. I (public servant - primary teacher) have never received this and can't see where I could find it despite googling for the last half hour.

Thanks in advance
 
Moon Unit said:
My significant other (public servant - non teacher) gets a breakdown of it sent out every year
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It's possibly the case that they are members of the Single Public Service Pension Scheme (SPSPS); members of which are required under the T&C's of the Scheme to receive an Annual Benefit Statement from their Public Service Employer.

Moon Unit said:
I (public servant - primary teacher) have never received this
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In a previous post you mentioned that you joined in 2008 and so you are in the 'Post-1 April 2004 pension scheme (New Entrants I).'

Members of this scheme do not receive Annual Statements of their accumulated entitlements (as far as I am aware).

At a high level your occupational pension under the Post 1 Apr 2004 scheme will provide at retirement:

1. Lump Sum = Final salary (€) x Service (yrs) x 3/80

2. Annual Pension = (Final Salary - 2x State Pension) x Service (yrs) x 1/80

Members of this scheme pay Class A PRSI and so will also be entitled to the Contributory State Pension from age 66 (currently) based on the amount of PRSI contributions they have paid. Check with the Department of Social Protection for an up to date copy of your Social Insurance Record.

If you are paying AVCs, your pension provider can provide an up-to-date value.

There's a pensions sub-forum on AAM - Public Sector Pensions - that might be worth checking, or posting in, if you want to get into the weeds of your situation.
 
I take it you are a teacher. You can estimate your pension by using the Dept of Ed Modeller here. You might need to play around a bit with it to accustom yourself.
 
Moon Unit said:
My significant other (public servant - non teacher) gets a breakdown of it sent out every year. I (public servant - primary teacher) have never received this and can't see where I could find it despite googling for the last half hour.
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Note that traditionally, public servants have never received annual pension statements.

However, it seems that members of the SPSPS, which is for the most recent entrants to the public service, do receive some sort of annual statement.

I have never seen what theses look like, or what information they contain.
 
ArthurMcB said:
Seems very low?
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This pension scheme is intended to provide a member, upon completing 40yrs of service, benefits of:

- Annual pension of 50% of final salary (including the State Pension), and a
- Lump sum of 150% of final salary.

The pension-in-payment will increase based on salary increases for the grade of employment.

There are ways (depending on the particular role in the public sector) to get (for the purposes of the pension calculation) the Final Salary figure (or pensionable remuneration) as high as possible and to get service up to 40yrs (using Professional Added Years) if actual service is less.
 
You mention calculations are based on final salary. Is is not based on best three of previous ten years. Say if you go part time or take shorter working year leave in the years prior to retirement? At least that’s what I thought applied to post 2004 entrants ?
 
January25 said:
Say if you go part time or take shorter working year leave in the years prior to retirement?
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Pensionable salary is the salary for the post and incremental grade at retirement, ie, the whole time salary for the post, whether the person is working part-time or not.
If the salary for the post is €100k then that is pensionable salary even though the retiree is working 0.5 wte and earning only €50k.
 
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