Hi,This relates to PS who pay a Class A PRSI - all PSs after 1995 and some prior to this.
It might be easier to explain by example.
Joe retires at normal retirement age for his pension scheme. His pensionable salary is €40,000 and he has 10 years service.
If Joe had been in the older (Class D) scheme his pension would have been €40,000 * 10/80 = €5000.
As a Class A it is assumed he will get at 10 years worth of State Pension, calculated as €13,000 * 10/40 = €3,250. His PS occupational pension will be €5000 - €3,250 = €1,750.
If for some reason Joe's State Pension is less that this (€3,250) he can apply to his former employer for a Supplementary Pension to cover the difference. This also applies if their is a gap between his normal retirement age and his state pension age (provided he is not in insurable employment).
Of course, Joe may get more than €3,250 in State Pension, eg, he may have been paying PRSI in the private sector before his PS job. That is fine and does not affect his occupational pension.
Joe has worked all his life and is entitled to the full State Pension, say €13,000.
Joe joined the public sector a few years before retirement and accrued retirement benefits (as per the calculator above) of €3,361 per annum. Would Joe get this €3,361 on top of the State Pension?
This also applies if their is a gap between his normal retirement age and his state pension age (provided he is not in insurable employment).
This relates to PS who pay a Class A PRSI - all PSs after 1995 and some prior to this.
It might be easier to explain by example.
Joe retires at normal retirement age for his pension scheme. His pensionable salary is €40,000 and he has 10 years service.
If Joe had been in the older (Class D) scheme his pension would have been €40,000 * 10/80 = €5000.
As a Class A it is assumed he will get at 10 years worth of State Pension, calculated as €13,000 * 10/40 = €3,250. His PS occupational pension will be €5000 - €3,250 = €1,750.
If for some reason Joe's State Pension is less that this (€3,250) he can apply to his former employer for a Supplementary Pension to cover the difference. This also applies if their is a gap between his normal retirement age and his state pension age (provided he is not in insurable employment).
Of course, Joe may get more than €3,250 in State Pension, eg, he may have been paying PRSI in the private sector before his PS job. That is fine and does not affect his occupational pension.
1. What happens if I do not qualify for Old Age Pension or any other Social Welfare benefit?
If, through no fault of your own, you do not qualify for Old Age Pension or any other Social Welfare benefit or qualify for only a partial entitlement then you may be entitled to receive a supplementary pension.
12. What is a supplementary pension?
A supplementary pension is an additional amount of pension that may be paid to a person whose occupational pension is co-ordinated with the Old Age Pension. It is paid in circumstances where the combined pensions (i.e. occupational and Social Welfare benefit) are less than the pension they person would receive if the occupational pension was calculated on a non-co-ordinated basis. It comes in for consideration when a person who is umemployed and who through no fault of their own fails to qualify for any Social Welfare entitlement; it represents the difference between the total of the pensions actually received by the person and the pension that would be payable if the occupational pension was not co-ordinated with the Old Age Pension.
On a coordinated basis annual pension would be ((3.33*SPC)*(8/200))+((€50k-(3.33*SPC))*(8/80))=€2,400. There would be no SPC at all.
But on a "non-co-ordinated basis" it would be 8/80*€50k= €5000k
So would a supplementary pension of €2,600 be paid on top of the €2,400?
PS. I don't know what the situation might be if this person were to use their Irish PRSI record towards claiming the State Pension in another jurisdiction, under the reciprocal arrangements.
I looked through some circulars and could find nothing concrete. I would tend to think it would not be within the spirit of the rules.
If you have at least 5 years A Class contributions, then you should be entitled to a Pro Rata Pension. So if your total history in the PRSI system will be 28+5+5= 38, then the Pro Rata Pension would be c5.5/38 x State Pension, so 14.5% of State Pension.Hello
Can anyone please help with my enquiry
If someone was pre 95 DB class D, now class B
will have 28 yrs approx total years public/civil service years
41.000 salary so not entitled to state pension.
Have 5.5 yrs approx class A contributions prior to civil service.
Am 5 yrs to retirement date
Does the 5 yrs stamp A count toward a contributory pension or does it have to be 10 yrs before a partial pension could possibly be paid.
Is there any way of enhancing the 5 yrs Stamp A which is allowable.
If you have at least 5 years A Class contributions, then you should be entitled to a Pro Rata Pension. So if your total history in the PRSI system will be 28+5+5= 38, then the Pro Rata Pension would be c5.5/38 x State Pension, so 14.5% of State Pension.
You could add to your previous 5.5 years of A by getting a Class A job for the next 5 years. That would increase your Pro Rata entitlement.
I'll have total 28 yrs in 5 yrsThanks very much Conan
Kind Regards November
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