If you have come from a country with which Ireland has a Bilateral
Social Security Agreement, your pension rights from the other country
are protected when you move to Ireland. You may be able to combine
your insurance records from Ireland and the appropriate country in
order to qualify for a pension. It is possible to have a pension from
Ireland and one or all of the other countries.
State Pension Rates 2015 (Contributory)
Max Personal rate, aged 66 - 80 €230.30 (€240.30 for over 80's)
Qualified adult aged 66 and over €206.30
Non Contributory Rate 2015 (Means Tested)
Single Person €219 Maximum (Increases to €229 when aged
Qualified adult aged 66 and over €144.70 (Max)
Social Welfare and Pensions Act 2011 made a number of changes to the
qualifying age for State pensions. The qualifying age rose to 66 in 2014. It will rise again to 67 in 2021 and 68 in 2028.
Contributory Pension (State) :
If you reach pension age on or after 6th April 2002, you will need
to have 260 paid contributions (effectively 5 years contributions
but they need not be consecutive). However, if you were a voluntary
contributor on or before April 6 1997, you need only have 156 paid
contributions if you have a yearly average of at least 20 contributions.
reach pension age on or after April 6 2012, you will need to
have 520 paid contributions (10 years paid contributions). In this
case, not more than 260 of the 520 contributions may be voluntary
contributions. However, if you were a voluntary contributor on or
before April 6 1997 and you have a yearly average of 10 contributions,
you may meet the requirement if you have a total of 520 contributions,
but only 156 need to be compulsory paid contributions.
There were also some changes to Pension levels in Budget 2012
- that come into effect from September 2012 - see here about Pension
Cuts in 2012
Occupational Pensions are not provided by all employers in Ireland.
But Personal Retirement Savings Accounts (PRSAs) were introduced
in Ireland in 2002. A Personal Retirement Savings Account is long-term
personal retirement account designed to enable you to save for retirement
in a flexible manner.
A PRSA is a contract between you and a PRSA provider in the form of
an investment account. PRSAs allow you to change employment and continue
to use the same PRSA. You can also switch from one PRSA to another
at any time, free of charge.
relief based on your age will be given by the Government for the
contributions you pay into your PRSA. Employers that do not provide
an occupational pension scheme for their employees are obliged to
provide access to at least one Standard PRSA . Employers are required
to have provided access to a PRSA to employees who are not entitled
to join a pension scheme within 6 months of existing service.
There is a " Homemaker's Scheme" run by the Department of
Social and Family Affairs in Ireland that makes it easier for a homemaker
to qualify for the Old Age Contributory Pension. A homemaker is defined
as a person (male or female) who gives up work to take care of a child
aged under 12 or an incapacitated child/adult aged 12 or over on or
after 6 April 1994. More
Here. Note - you have to have paid PRSI (national insurance) in
Ireland for at least one week.
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