Will I be eligible for the benefit from 65- 66

Basically there are two Prsi systems for Jobseekers.

Jobseekers Benefit (JB) is for PAYE employees. This is based on class A earnings and contributions.

Jobseekers Benefit Self employed (JBSE) is for people in seff employment. This is based on class S earnings and contributions.

The amount of earnings used for the calculation will be the class A earnings for JB.
The amount of earnings used for the calculation will be the class S earnings for JBSE.

So in your case only your class A earnings for the governing year are used in the payment calculation. The ARF earnings won't be counted as they are class S earnings.

If your class A earnings in the governing year are zero, or below specified levels you will not get the full rate of JB payment. You will get the minimum JB payment if your class A earnings in the governing year are zero.

Benefit Payment 65 is always paid at the full rate regardless of your earnings in the governing year.
 
VInterested said:
Lets say you are unemployed and you have a small distribution from an ARF from a previous employer. Is the distribution of that ARF counted as a person's reckonable earning in that period for the calculation of your JB? thanks for all your info S class!
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Sorry, I was answering in my previous post regarding the present JB systems.
The quote you highlighted for your question relates to the new Pay Related JB scheme which starts from 1st April 2025.

I would presume that this will also operate in a similar manner as the existing systems i.e. class A or class S earnings will apply. But not both together. This is just my guess.

The existing systems will continue to operate alongside the new Pay Related JB system, so if the existing systems are more beneficial to you they would be applied.
 
S class said:
Sorry, I was answering in my previous post regarding the present JB systems.
The quote you highlighted for your question relates to the new Pay Related JB scheme which starts from 1st April 2025.

I would presume that this will also operate in a similar manner as the existing systems i.e. class A or class S earnings will apply. But not both together. This is just my guess.

The existing systems will continue to operate alongside the new Pay Related JB system, so if the existing systems are more beneficial to you they would be applied.
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Thanks!
 
Just an update from me and hopefully some more advice from @S class in relation to what my final calculations on the state pension will be.
I entered the prsi system 1978 and retired in 2022.
Up to 2023 I have 1314 paid and credited contributions.
I have a gap from 1983-2002 My last child was born in 1985 so will have home carer credits from 1983-1997.
1997- 2001 I looked after elder parent but have no proof of this.Will this count for anything ?
Since I retired in 2022 I have put up credits. In November 2024 I have taken up a CE scheme and will continue with this for 2025 at least . I will be 65 in 2027 so I hope to be able to apply for a social welfare payment in early 2027 based on my prsi contributions in 2025 so then I will qualify for the 65-66 payment .
Based on my contributions will I be eligible for the full state pension and if not what would be my level of payment.
I also have a rental income and pay €500 prsi payment on this
Would it be any benefit to me to put off taking my pension until I am 70 and continue to pay prsi ?
Can I continue to put up credits until I am 70 ?
Thanks in advance
 
Your home caring period could be as long as 14 years but is likely to be less depending on the exact start and finish dates.
So maximum of 14 x 52 = 728.
Take a worst case situation where you only get 12 years. First and last year not counted. 12 x 52 = 624.

You can only get a maximum of 1040 credits including home carers + Jobseekers + pre entry credits. ( no more than 520 of these can be Jobseekers + pre entry credits)

How many of your current 1314 contributions are credits ?

If you manage to get 2080 Prsi contributions at age 66 you will get full pension.

You will need to carefully work out how many credits you currently have and if you have potential to get more.

You will get class A paid contributions from your current employment.

You won't get class S Prsi from your rental income during any years where you have PAYE earnings. So none in 2024 or 2025.

You will get Jobseekers credits for any period in 2024 or 2025 when you were not in PAYE employment. Make sure to sign on for credits immediately after any period of work.

These credits will only be of benefit if you have not exceeded the limit explained above.

You need to carry out the plan explained in post #2 in order to qualify for Benefit Payment 65.

You need 6 months of continuous PAYE employment immediately before making a Jobseekers claim to take you up to your 65th birthday. So you need employment in 2026 and maybe into early 2027.

If you haven't managed to reach 2080 Prsi contributions by your 66 th birthday you can gain more up to age 70.

If your only income is rental you will get 52 class S per year up to age 70.

If you take up PAYE employment you can get class A Prsi up to age 70 but this will cancel your rental class S contributions.

You cannot get Jobseekers credits beyond age 66 so be wary of taking up PAYE employment beyond this age.

This is all complicated and difficult to explain. There is more information here.

Key Post - PRSI and planning retirement

This Key Post is in the form of a FAQ where I don't know many of the answers. I will update the post as I get answers. 1. PRSI payable on reaching state pension age Answer: 0 (Class M) 1a. Does this relate to the start of the tax year in which you become 66? Or to after your birthday? Answer...
www.askaboutmoney.com
 
Just on holidayQ's post above, will the rental income not disqualify the 65 payment if they still have it ? Or are you saying work for at least 6 months prior to 65th birthday and sign on just before ?
 
I have 1162 contributions plus 152 credits up to the end 2023 plus Jan -Oct 24 will also be credits so with the homecarer credits and the 200 approx other credits that I will be close to 825 credits.
It looks like I may need to keep the CE scheme until early 2027 . I will have to read post #2 again as I understood that if I had 26 weeks in my 63rd year then that would qualify me to be getting a social welfare payment in 2027. Thanks for your reply
 
holidayqueen said:
I have 1162 contributions plus 152 credits up to the end 2023 plus Jan -Oct 24 will also be credits so with the homecarer credits and the 200 approx other credits that I will be close to 825 credits.
It looks like I may need to keep the CE scheme until early 2027 . I will have to read post #2 again as I understood that if I had 26 weeks in my 63rd year then that would qualify me to be getting a social welfare payment in 2027. Thanks for your reply
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Be very carefull about this.

You must have PAYE employment running for a minimum of 6 months up to the date you make your Jobseekers claim. The Jobseekers payment period must then extend up to your 65th birthday.

So at the very latest you need to start this employment 27 weeks before the date of your 65th birthday. This is to ensure that when you claim for Jobseekers Benefit that you meet the 'at least 6 months concurrent PAYE employment rule'.

This is necessary as you have other employment (rental) in excess of 7500 euro per year.
 
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elcato said:
Just on holidayQ's post above, will the rental income not disqualify the 65 payment if they still have it ? Or are you saying work for at least 6 months prior to 65th birthday and sign on just before ?
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On the link in post #2 I have tried to explain the situation as clearly as possible.

Basically a person with other rental or investment employment greater than 7500 euro per year cannot qualify for BP 65 as you are questioning.

But it is possible to qualify for Jobseekers Benefit with other rental or investment employment over 7500 euro.

However this other employment must meet the rules of subsidiary employment.

For some unknown reason the rules for subsidiary employment for Jobseekers Benefit are different to those of BP 65.
 
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I have applied for over 65;s payment and am currently in receipt of a Supplementary Pension associated with my previous Civil Service job.
I was a post 1995 Civil Service Entrant.

I went to the local Intreo office and told them about this Supplementary pension. Apparently ,according them its payment comes from my last employer and is not a social welfare payment ,which surprised me .The person handling my case said Social Welfare have no interest in the Supplementary payment and are only interested if I qualify under their rules for the 65 year old payment.

Is it necessarry to inform the Civil Service that I am in receipt of the 65's payment?
Do they stop this payment if a person qualifies for the over 65 's payment?
 
dubman1 said:
Is it necessarry to inform the Civil Service that I am in receipt of the 65's payment?
Do they stop this payment if a person qualifies for the over 65 's payment?
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Yes, you are required to inform them. The payment will stop if the amount you receive in the SW payment is greater than your Supplementary Pension. If it is less that the Supplementary Pension you can continue to receive the difference by way of the Supplementary. The same applies to the state pension at 66. They can reclaim the money if/when they find out. Some employers are proactively contacting people at 65 to remind them of this. I'm (somewhat) surprised that the Civil Service doesn't seem to be. But it is in the Supplementary regulations.
 
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