Post 1995 Supplementary pension query

CorkHome2022 said:
the post95 pension is coordinated with the Old Age Pension , your income from the State cannot exceed the Coordinated Sum .
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That is so for someone with full pensionable service - normally 40 years. But someone with shorter service might still qualify for a full State Pension from their PRSI record, eg, from work prior to or after their PS, from Class S, from voluntary contributions, from credited contributions.
 
The Coordinated Sum is what you would have received had your calculations been done on the Pre95 Basis , it has said as much in the Superannuation Handbooks , the savings that were being made back in the 1990s when this was brought in so that Fast Accrual Grades ie Gardai Prison Officers and Fire Service could not then retire at 50 and clock up enough stamps to claim a Contributory State Pension , however as we can see the fools who came up with the plan never fool proofed it and why we have so many problems with interpretation now .
The old calculation method of 40 X 1/80th for your benefits made it very simple .
 
I understand coordination. I was commenting in relation to "normal" PS pensions. You are referring specifically to fast accrual pensions. I am not familiar with the details but I can see the potential anomalies there.
(Perhaps a thread specific to fast accrual pensions and coordination would be good. Or this thread headed "fast accrual", if that is what it is).
 
thinking of retiring in 2025 but i would like to know if i do will i qualify for the new rates of job seekers benefit of 450 that is going to be implemented in march i have 30 years prsi record and 15 years work record for the hse as worked parttime
 
Zeus2020 said:
thinking of retiring in 2025 but i would like to know if i do will i qualify for the new rates of job seekers benefit of 450 that is going to be implemented in march i have 30 years prsi record and 15 years work record for the hse as worked parttime
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This is not really a Supplementary pension issue - not directly anyway.
Whether or not you qualify for JSB (and at what rate) depends on how you meet the the DSP's criteria for the benefit, and on your rate of payment in your current job. On the face of it, it would seem that your Social Insurance record will qualify you.

On top of that there is the condition of being available for and seeking work - how strict the activation is on this seems variable although age is taken into account. The fact that you are currently working with the HSE (or elsewhere in the public sector) is not relevant as a condition for qualification. But you do have to indicate in the application that you are available for work and seeking work.

In the event that you do not qualify then you can should be eligible for a Supplementary pension from the HSE (provided you meet the conditions for a PS Supplementary Pension). Ditto for subsequent to the JSB running out if you do get it.

As to the rate of JSB you might qualify for, you can read more here: https://www.gov.ie/en/service/97b1a-jobseekers-pay-related-benefit/

In the event that you are successful with the JSB claim you will get Class A credits for the duration and you can apply to continue signing for credits subsequently.
 
God bless the government again, another obstacle encouraging people not to work!, on retiring out of the Public Sector able bodies people who might want to work can now get 450 euro per week! Then go onto the Supplementary Pension, why would anyone work.
Why would you even take up part time work! Unless you want cash in hand, pay no tax. Maybe a 100, 000 Public Sector staff retiring early in the next 5 years will hopefully benefit from this
 
I am on the Suplementary pension since early October, I would have 2,236 stamps, so under the current regulations I would have enough for the full contributory pension. However one doesn't know how the rules might change over the next 5-6 years.

I was on A contributions before retirement, and now I am on M which has no paid contributions and is not reckonable.

I emailed the Local Intreo office and they advised looking at signing for credits, however there was probably not enough information for them to commit by email.

If I was on UB when that finishes it looks like I can sign for reckonable credits. Just checking if anyone has any experience on how to approach this and what I should be asking when I get to the intreo office. As I have a full employment record, I have not engages with intreo before although I do have a public services card I got a couple of years ago.

Any advice would be much appreciated as I will make the approach early in the new year. Also any advice on the logistics, do I need to make an appointment or just show up at the office.

Happy New Year all, and thanks for all the help so far, it is so much appriciated.
 
I was speaking to our pensions administrator a few weeks ago and they told me they has set the supplementary pension to stop on my 65th Birthday. The year from 65-66 is to be bridged by the payment. It looks like it is the payment linked below which is JB without the requirement to be looking for work. https://www.citizensinformation.ie/...ired-people/payment-for-people-retired-at-65/
 
You can phone your local Intreo office and tell them you want to sign on for credits. They might arrange an appointment time on the phone or they might ask you to call in in person to make an appointment.

The Intreo staff are friendly. They might ask you for evidence of seeking employment. They will ask you in advance to bring this to your appointment. If they do just apply for a job online and print off the application to show them.

They dont try to catch you out. Just go along with the process and you will be fine.

You can apply for Benefit Payment 65 on your 65th birthday.
This is done on line on mywelfare. No visit to Intreo is needed.

But you will not qualify for this if you don't have the required class A paid contributions and credits.

Happy new year !
 
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You local pension administrator has to check your eligibility for the Supplementary.
The Supplementary will stop at 65 if you become eligible for the over-65 SW payment (or reduced if the SW payment should be lower than your Supplementary). If you do not meet the eligibility criteria for the SW payment (and it looks like you won't) then you can continue to claim the Supplementary. Your local pension administrator may ask you to get confirmation from SW that you applied and are not eligible. Local procedures to administer eligibility checks may vary.
 
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Thanks S Class. That’s brilliant.
 

Payment for people who retire at 65

If you retire at 65, you may qualify for a benefit payment until you reach 66. The payment is similar to Jobseeker’s Benefit, but you don’t need to be looking for work or sign on at your local Intreo centre.
www.citizensinformation.ie

I was looking at the requirements to get the payment from 65 to 66 and the info is below.

It looks like retiring at 60 I am not meeting the PRSI requirements in the qualifying year or the year before.

I must call in and commence the process to sign for credits as this may help my eligibility for this payment.

Last time I was speaking to my pensions officer, they told me that they had configured the supplementary pension to terminate on my 65th Birthday.
 
Last time I was speaking to my pensions officer, they told me that they had configured the supplementary pension to terminate on my 65th Birthday.
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Can you go back and ask them where it states 65??
Because the new Circular from August says you get the OSP until " PENSION AGE" which is currently 66 , see extract below .
6.2 On or after reaching State Pension Age In the case of an OSP put into payment prior to State Pension Age, the payment of the OSP will cease when the pensioner reaches State Pension Age. The pensioner will be required to draw down their SPC and re-apply for the OSP, if appropriate, and will be subject to the eligibility criteria outlined above.

The Citizens advice is not for people on the Public Sector Post 95 Pension but people from the Private Sector .
 
@CorkHome2022 I was looking at the 65 payment and it has restrictions on travel etc, same as if getting Jobseekers.

It might be beneficial to do nothing so there is no entitlement to the 65 payment and the supplementary pension rolls over.

And then claim the contributory state pension at 66.

Currently I have 2250 reckonable contributions so under the Total Contributions Approach i would have enough contributions as I stand for the maximum pension. So it looks like there is no benefit in getting more reckonable contributions.

At that time as I will have the maximum pension I should no longer need the OSP.
 
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You won't be entitled to BP65 unless you get 13 weeks of paid class A contributios so continuing to sign on as a Jobseeker won't interfere with you getting supplementary pension at age 65.

As you said there is no point in getting extra credits.

The only advantage that I can think of in remaining as a Jobseeker would be if you wanted to get some training.

There are various training schemes available free to Jobseekers.

I got information sent to me when I was a Jobseeker about training opportunities. Among these were bus and hgv driving courses. These were mainly for younger people but it was possible to apply and go on a waiting list.

There was also a course on dry stone wall building. I would have liked to try this out but it was based in Connemara and would have involved getting accommodation at my own expense.
 
The Bus and HGV driving might be handy for charity work. I had the full sets of licenses but let them lapse in the 90's as I didn't get a medical or an eyesight at a renewal.

However if I was doing some training seriously, it might be in IT / Cyber Security / AI as I worked in this area in my early career but would be out of date. I must look at the eligibility for these in my local TU. Particularly the Micor Creds.

At 65, I can engage with the pensions administrator on getting the SP continued. It won't be an issue as I always found them excellent and supportive within the regulations.

Interestingly I went to look at TCD and Micro credentials and the qualifying criteria for the 80% reduction is:-

7) Employment Status
When applying for the HCI Fee Subsidy through a participating University you must indicate your current employment status:

• Employed - Working either for yourself or someone else. The sector you are working in and the size of the company.
• Unemployed - Not currently working, receiving a qualifying welfare payment from the Department of Social Protection (unless you are formerly self-employed) and actively seeking employment.

Appendix A. List of Eligible DSP Payments for unemployed applicants.

Which DSP payments are accepted?

• Jobseekers Benefit
• Jobseekers Transition Payment
• Jobseekers Allowance
• One Parent Family Payment
• Disability Allowance
• Qualified Adults of Working Age, where they can establish an entitlement to a qualifying payment in their own right.
• Carers Allowance
• Farm Assist/Fish Assist
• Widow's, Widower's or Surviving Civil Partner's Contributory or Non-contributory Pension
• Blind Pension
• Deserted Wives Allowance
• Working Family Payment
• DSP work schemes: Community Employment Scheme, Rural Social Scheme and Tús.

If you are signing for social insurance contribution credits, you may also be eligible.

If you are formerly self-employed, you do not need to be in receipt of a Department of Social Protection payment.


Another loophole in the Supplementary Pension system as you are neither working or meet the DSP definition of unemployed, unless you are signing for credits (possibly).
 
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DingDing said:
Another loophole in the Supplementary Pension system as you are neither working or meet the DSP definition of unemployed, unless you are signing for credits (possibly).
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You are registered as unemployed when you are signing on for credits.
 
Did not sign on for credits yet, it says that signing for credits may make you eligible. I raised this with Micro Creds who are going to raise it with the HEA who are the funders of the scheme.
 
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