This is definitely a good insurance policy.it might be worth doing it in any event, you will never know how they might change the rules in the future.
As already stated the rules have changed go back to you employer you should now get the full supplementary pension no question, asked as long as your not working. I am worried that many people are finding themselves in this silly position after having worked for so long Because of a misunderstanding.You've had a better experience than I've had so far. I retired from HSE in March and after about 6 or 7 weeks of Job Seekers Benefit, I was advised by the Social Welfare officer that if I was not actively seeking employment, I was not strictly eligible for JSB. When I discussed this with my employers pensions office I was told "Just say you are looking for work". I obviously wasn't happy with this advice. A fairly assertive email was met with a response along the lines "We would never advice anyone to say that"!
I asked Social Welfare office that they complete the form provided by my employer to state that I was not eligible for JSB. Unfortunately, the reason they gave for my ineligibility was that "The customer has requested the claim be ceased". This was then used by my employer as grounds to deny my application for OSP because I had not been deemed ineligible for reasons outside my control.
I asked Social Welfare office to rephrase my form and I resubmitted for OSP. My employer again refused on the basis of the first decision, i.e. I had not been deemed ineligible for reasons outside my control.
I have now appealed this decision. I am not particularly hopeful given that it appears the appeals/complaint is reviewed by my employer rather than an independent authority.
I intend to progress this to the Pensions Ombudsman office if necessary.
Not the best way to start my retirement! Leaves a bad taste in my mouth in relation to my employer too.
I get it "automatically" from 1st August 2024. However, I have not received from May 2024 to end July 2024! The new mechanism does not permit payment for any period prior to August 2024. Employer says I did not meet the criteria as already outlined under the old scheme.As already stated the rules have changed go back to you employer you should now get the full supplementary pension no question, asked as long as your not working. I am worried that many people are finding themselves in this silly position after having worked for so long Because of a misunderstanding.
Unbelievable, they changed it for people leaving their employment after Aug 24. You wonder do these politicians care at all. It should be back dated to at least the start of 2024 as it had been stated for a while that the government were looking to changing it!.I get it "automatically" from 1st August 2024. However, I have not received from May 2024 to end July 2024! The new mechanism does not permit payment for any period prior to August 2024. Employer says I did not meet the criteria as already outlined under the old scheme.
Let us know how you get on with the Pension Authority. I have heard that different JSB offices deal with it differently. Some just allow you to claim quietly with very little signings on, especially if you are a retired Garda. Others make you sign on very regularly. Shocking really, why the unions signed up to this is unbelievable.You've had a better experience than I've had so far. I retired from HSE in March and after about 6 or 7 weeks of Job Seekers Benefit, I was advised by the Social Welfare officer that if I was not actively seeking employment, I was not strictly eligible for JSB. When I discussed this with my employers pensions office I was told "Just say you are looking for work". I obviously wasn't happy with this advice. A fairly assertive email was met with a response along the lines "We would never advice anyone to say that"!
I asked Social Welfare office that they complete the form provided by my employer to state that I was not eligible for JSB. Unfortunately, the reason they gave for my ineligibility was that "The customer has requested the claim be ceased". This was then used by my employer as grounds to deny my application for OSP because I had not been deemed ineligible for reasons outside my control.
I asked Social Welfare office to rephrase my form and I resubmitted for OSP. My employer again refused on the basis of the first decision, i.e. I had not been deemed ineligible for reasons outside my control.
I have now appealed this decision. I am not particularly hopeful given that it appears the appeals/complaint is reviewed by my employer rather than an independent authority.
I intend to progress this to the Pensions Ombudsman office if necessary.
Not the best way to start my retirement! Leaves a bad taste in my mouth in relation to my employer too.
Thats interesting, so to have done the Supplementary pension calculation based on rates at your retirement date, and play forward all the intervening pay increases. Interestingly if the state pension rate out paces pay rises which it is likely to do when you listen to the election promises. You will actually get an increase in pension when you get the state pension, and potentialy be better off than a D stamp person. In my case as I did not have 40 years service, 30 for supplementary pension, I will get an increase in my total pension payments when I reach 66. This is a correct approach as I would have paid for some of my PRSI service in other employments before joining the public service.Lovely Ding Dong, Wis you a happy retirement, in my case Garda post 1995 retirement in 2022, garda pensions have not applied it, are awaiting answers from DPENR if the increases can be applied from date of retirement of post 1995 members retrospectively, otherwise it will create three types of pensioners up to now ie pre 1995, post 1995 retired up to aug2024 & post 1995 from Aug 2024, so hopefully will be sorted.
You are correct Ding Ding, but like all changes some people will be left short changed.Thats interesting, so to have done the Supplementary pension calculation based on rates at your retirement date, and play forward all the intervening pay increases. Interestingly if the state pension rate out paces pay rises which it is likely to do when you listen to the election promises. You will actually get an increase in pension when you get the state pension, and potentialy be better off than a D stamp person. In my case as I did not have 40 years service, 30 for supplementary pension, I will get an increase in my total pension payments when I reach 66. This is a correct approach as I would have paid for some of my PRSI service in other employments before joining the public service.
The issue of applying for it retrospectively probably has not come up in my former organisation yet. In some respects I was probably the test case as the first person who applied for it and completed the form.
What seems to be ignored is the post 95 Pension is supposed to give you a total pension income equal to the pre 95 model , it was designed that you could not get a Contributory Old Age Pension also , hence the Coordinated pension .There is an issue with the Supplementary pension not gaining any pay increases during the 9 months spent on Jobseekers benefit, My occupational pension received the 2,25% and 1% but no recalculation was made when the Supplementary was awarded. The equivalence that the Supplementary pension is designed to give is flawed from the start.
Thats the thing in simple terms , the post95 pension is coordinated with the Old Age Pension , your income from the State cannot exceed the Coordinated Sum .My understanding is that at 66 I will qualify for the contributory old age pension and the Supplementary pension will stop. An "A" stamp prsi contribution costs more than the older "D" stamp so it would be reasonable to expect something from the system I paid into over my working life.
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