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Pension question for 32 year Old new Garda

  • 18-01-2009 9:56pm
    #1
    chorus
    Closed Accounts Posts: 14 ✭


    Presently I am 32 and have completed Phase 5 of my training in An Garda Síochána. If I want to retire on full pension do I need to complete 30 years service which will bring me up to 61 on retirement. My question is -is it possible to buy years back on pension so that maybe I could retire on full pension in my mid fifties. Thanks lads.


Comments

  • #2
    djtechnics1210
    Closed Accounts Posts: 923 ✭✭✭djtechnics1210


    Your best bet is to ring pay section in Killarney and ask them


  • #3
    pvt.joker
    Closed Accounts Posts: 1,985 ✭✭✭pvt.joker


    as far as i know, yes, you can buy back your years, it just means itll cost you more in pension payments than someone who is younger than you.
    We were told this by one of the senior gaurds down in the college


  • #4
    Eru
    Closed Accounts Posts: 2,357 ✭✭✭Eru


    I think, without being sure that you can only buy back years if theres a problem hitting the 30 years service. Isnt the max age still 60 which means you could buy back 1 year.

    Of course with the increased age for joining theres could be a new system in place


  • #5
    TheNog
    Registered Users, Registered Users 2 Posts: 4,160 ✭✭✭TheNog


    pvt.joker wrote: »
    as far as i know, yes, you can buy back your years, it just means itll cost you more in pension payments than someone who is younger than you.
    We were told this by one of the senior gaurds down in the college

    I was told the same thing.

    Us auld fellas, eh?


  • #6
    cushtac
    Closed Accounts Posts: 1,253 ✭✭✭cushtac


    You can either increase your contributions or, if you have an existing pension, transfer that over.


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  • #7
    chorus
    Closed Accounts Posts: 14 ✭chorus


    Thanks for the replies lads. Will ring pay section in Killarney and see what they say. Would like to do something about it now so that the additional pension increase would be smaller than if I wait another 5 or 10 years to do something about it. I have a pension from my previous job which I paid into for 5 years but it is not a public sector job so I will also ask them can I transfer that but I doubt it, also it has almost halved in value over the last year.Thanks again


  • #8
    pa990
    Registered Users, Registered Users 2 Posts: 3,883 ✭✭✭pa990


    Is it possible for someone who is due to have their 30 done at 55 or 56years old, to bump up their pension contributions, in order to retire earlier on a full pension ???

    and if this is possible, would you still get a gratuity


  • #9
    deadwood
    Registered Users, Registered Users 2 Posts: 1,938 ✭✭✭deadwood


    pa990 wrote: »
    Is it possible for someone who is due to have their 30 done at 55 or 56years old, to bump up their pension contributions, in order to retire earlier on a full pension ???

    and if this is possible, would you still get a gratuity
    Now ye're talkin'!


  • #10
    pa990
    Registered Users, Registered Users 2 Posts: 3,883 ✭✭✭pa990


    i'm deadly serious.. wouldn't it be grand to do 25 or 28yrs. and then retire :D

    I have a sneaking suspicion that it cant be done, as i'm sure someone else would have thought of it by now.


    But i live in hope..


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