It's minimum 60 and compulsory at 65.Hi
Would anyone know what is the retirement age for the Superannuation Scheme 1977/1985 - is it 60 or 65 years of age?
Thanks
Would anyone know what is the retirement age
Hi Slim, thanks for getting back to me. Would you know if is there any legalisation or Superannuation Act where it states the minimum age?It's minimum 60 and compulsory at 65.
Would you know if is there any legalisation or Superannuation Act where it states the minimum age?
Thanks for thatI have a vague recollection that pension schemes at that time were
Men mandatory pension age 65 with early retirement age at 60 (actuarial reduced)
Women mandatory pension age 60 with early retirement age at 55 (actuarial reduced)
Thank you for the information, I preserved my pension when I resigned from my position in 1990 after working in the organisation for over 10 years and the organisation is now telling me I am not entitled to draw down my pension at 60, I have to wait until I am 65! I was part of the Superannuation Revision Scheme 1977/1985.You are very slim on details in your query. Does it relate to preserved benefits? If so, this 1975 circular may be relevant :https://circulars.gov.ie/pdf/letter/finance/1975/2.pdf Extract:
"12.(1)An officer who resigns voluntarily after at least 5 years' service will, provided he cannot benefit under paragraph 11 above, or otherwise, have his pension' lump sum and death benefits preserved. Pension and lump sumwill be paid as from age 60 upon application for payment being made. If he dies before age 60 a death gratuity equivalent to the lump sum (i.e. based on actual service only) will be payable. If he was a member of the contributory widows' and children's scheme and leaves a widow whomhemarried before he resigned, she, and any of their children conceived before his resignation, will be eligible for pensions in accordance with the terms of the contributory scheme. Such pensions will, however, be based on actual service only (credit will not be given for potential service). Any contributions due in respect of prior service reckonable under the contributory widows' and children's scheme will be deducted fromthe lump sumor death gratuity.
(2) The preserved benefits will be based or actual reckonable service and on the officer's pensionable remuneration as increased by reference to pensions increases granted in the interim. Any contributions due under the contributory widows' and children's scheme will also be based on such pensionable remuneration.
Example: An Assistant Principal resigns in 1975 having given 20 years' pensionable service; his date of birth is 20 April, 1935. His pension and lump sum will come into payment on 20 April, 1995. Any widows' and children's scheme contribution due in respect of service prior to 1 January 1969 will be deducted from the lump sum. The pension, lump sum and contributions will be based upon the rate of pensionable remuneration which would then be appropriate under the Pensions (Increase) Act, 1964, if the pension had been awarded at the date of resignation.
(3) It should be noted that there is no right to re-employment following voluntary resignation or transfer of service.
(4) Where an officer proposes to resign with preserved benefits hisDepartment should complete a form E Gen 8 in respect of him and advise him of the need to apply for the payment of the preserved benefits when he reaches age 60. In order to enable consideration to be given to the possibility of transferring his service, the officer should let his Department know what employment he is taking up. A copy of the E Gen 8 should be forwarded to this Department."
You will find a list of relevant legislation and circulars on Superannuation up to 2006 in Appendix 1 in this document :http://www.cspensions.gov.ie/SuperannuationHandbookandGuidanceDec20061.pdf
I preserved my pension when I resigned from my position in 1990 after working in the organisation for over 10 years and the organisation is now telling me I am not entitled to draw down my pension at 60, I have to wait until I am 65! I was part of the Superannuation Revision Scheme 1977/1985.
Were you an Officer grade?Thank you for that information. I didn't wavier my entitlements to my pension since I left.
I am confused about the retained pension benefits notification form. I am trying to get a current (updated) value of my preserved annual pension and lump sum entitlements, I think it is called a Benefit Refund Statement. Am I entitled to request this at any time?
Thanks
It may be that 'Employee' or non officer aren't entitled to retire at 60.
I am now 60, worked at Staff Officer level, started work in 1978. My thinking was that as I was 'pre 95' I could retire at 60. Former employer has new Superannuation Officer, was told I couldn't retire until.I was 65 and I wasn't entitled to a pension benefit statement
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