I am confused about something. I am hoping to retire at the end of this school year from my job as a secondary teacher. I will be 65 in August. I was out of the country for many of my younger years, so came late to permanent employment. I have 28 years worked full time and am buying back 10 years in the notional service scheme which will expire on my 65th birthday. I pay class AI PRSI. I got my service record from the Department of Education and with the buy back, my years total 38. However I also got my PRSI contribution statement which only lists the PRSI for the years worked, not the 10 years notional. My total contributions are around 1600, not 2080 which I read somewhere is what is needed to get the the maximum state pension. The service record from the DES sates my department pension and the gross supplementary "if applicable." It goes on to say that a teacher who pays class A1 PRSI "may" be entitled to this pension.
The "if applicable" and "may be entitled" worry me somewhat. My question is this: Is the purchase of notional years both for the DES and supplementary pension? And with 38 years service, both actual and notional, will I be entitled to the maximum supplementary pension once I reach 66?
Huge thanks in advance to anyone who can answer this question.
The "if applicable" and "may be entitled" worry me somewhat. My question is this: Is the purchase of notional years both for the DES and supplementary pension? And with 38 years service, both actual and notional, will I be entitled to the maximum supplementary pension once I reach 66?
Huge thanks in advance to anyone who can answer this question.