You will get the full pension with 2080 contributions, so no need for concern.Say I retire early at 60, with 2,080 class A PRSI contributions
Correct'Reckonable Paid Contributions' and 'Reckonable Credited Contributions' and looks like both together will give total contributions, which is the important number.
Great . A clear and concise answerThe important column is the "Combined Reckonable contributions and credited contributions for pension"
If she has 2080 here she will get full pension.
If she has a smaller amount she will get a reduced pension.
Quick additional question S class if I may. If you have say 2,000 prsi contributions at retirement age how is your entitlement under TCA calculated. Is it 2,000/2080 = 96% of the full rate?The important column is the "Combined Reckonable contributions and credited contributions for pension"
If she has 2080 here she will get full pension.
If she has a smaller amount she will get a reduced pension.
Yes that's it.Quick additional question S class if I may. If you have say 2,000 prsi contributions at retirement age how is your entitlement under TCA calculated. Is it 2,000/2080 = 96% of the full rate?
Thanks, you are a goldmine of information on this subject.
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According to this you will be eligible:Continuing with my original scenario - say I retire early at 60, with 2,080 class A PRSI contributions. I use my private pension to fund my expenses through an ARF. I understand that my PRSI contributions will now be class S.
Will five years (age 60-65) of PRSI class S contributions make me eligible for the over 65’s benefit?
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