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Personal Details
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Projected future working pattern |
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Total reckonable service*
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Pensionable Remuneration
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Actuarially Reduced Pension at age
(based on salary supplied by you)
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If you retire at age
, your projected
actuarially reduced retirement benefits include:
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less the deduction of any outstanding
contributions.
The maximum lifetime limit on tax-free
retirement gratuities (lump sums) is
currently €200,000. Retirement gratuities
exceeding this amount are subject to
taxation in line with Revenue rules. Please
contact the Office of the Revenue
Commissioners should you have any queries in
relation to your own personal tax position.
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An actuarially reduced pension of
.
Pensions are normally paid in arrears on a
fortnightly basis.
The actuarially reduced rate of pension
applies throughout the lifetime of the
payment of the pension. A person who avails
of actuarial reduced retirement cannot
subsequently switch to payment of a
preserved pension on reaching their minimum
pension age.
If you pay Class A PRSI, you may also be
entitled to the State Pension (Contributory)
payable by the Department of Social Protection
from age 66. The annual rate of State Pension
(Contributory) at January 2026 is
€15,617.47 per annum. If, through no
fault of your own, you fail to qualify for the
State Pension (Contributory) or other social
insurance benefit, you may be entitled to
receive a supplementary pension.
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Deductions from Gratuities
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Gratuities may be subject to a deduction at
retirement in respect of any outstanding
contributions owed. This could include
contributions to reckon service (main scheme
and/or Spouses’ and Children’s scheme
contributions) and contributions in respect of a
purchase of notional service agreement.
Contributions owed in respect of pensionable
service for which a Spouses’ and Children’s
contribution has not already been made are
calculated as 1% of your final pensionable
remuneration for each year, or part-year owed. You
may have the option of repaying any liability by
additional deductions from current salary.
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For Members of the Spouses and Children's
Scheme
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If you are a member of the Spouses and Children's
scheme and should you die before your spouse
following your retirement, your spouse may receive
a pension of
per
annum. Pensions are payable to eligible children
up to a maximum of
for
three or more children. You are encouraged to
check your Spouses’ and Children’s Scheme
membership status with your pension administrator
or HR section and advise your spouse accordingly.
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Option to Purchase Service
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You may be eligible to increase your pension
benefits by purchasing additional service.
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The Family Law Acts
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The Family Law Act, 1995 and the Family Law
(Divorce) Act, 1996 oblige the court to take the
value of pension benefits into account in arriving
at a financial settlement following judicial
separation or divorce. If your pension benefits
are subject to a Pensions Adjustment Order, they
may differ from those quoted above.
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Pension Increases
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Increases to your pension following retirement are
not guaranteed. Any pension increases require
Ministerial approval.
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Disclaimer
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The projected benefits shown above are estimated
based on the information supplied by you. It is
solely for guidance purposes and is an estimate
only. It is not intended to provide you with
financial advice and the results produced are not
a formal statement of your entitlements. The
legislation, policies and rules applicable to your
pension scheme will govern your entitlements and
these will take precedence in the event of any
dispute. Your actual pension entitlement will be
confirmed at the time of your retirement, based on
your total reckonable service, final pensionable
remuneration and rules of the scheme applicable to
you at that time, as verified by your pension
administrator.
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Further Queries
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If you have any further queries, please contact
your Pension Administrator/the HR section in your
Department.
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* Please note that service being purchased or
professional or 'Ad hoc' added years are not
included. If you have included these under
transferred service or your service to date, the
result may not reflect your actual entitlements at
retirement because such awards depend on your
circumstances at retirement.
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