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Public Servant and contrib Old Age Pension

  • 06-04-2011 10:58am
    #1
    Zipppy
    Registered Users, Registered Users 2 Posts: 2,055 ✭✭✭


    Hi I'm a long time public servant on class D PRSI...I'm now mid 40s I spent 19 years in a semi state and have a preserved pension from that...I took voluntary redundancy and am now in a local auth for last 6 years ... paying class D in both cases. A colleague tells me that if I switch to class A now that when I retire in about 20 years I will have my preserved semi state pension, local auth pension (pro rata to my service) and a full OAP contrib pension.. Can anyone confirm this? I believe I need 10 years at class A to qualify for full OAP....


Comments

  • #2
    coylemj
    Registered Users, Registered Users 2 Posts: 25,622 ✭✭✭✭coylemj


    By the time you retire the new rules will have cut in which means that you will need 30 years of full contributions to get a full OAP (contributory) pension and assuming you were born after 1961 you will not get the pension until you are 68.

    I'm not sure if people on the public payroll can effectively buy their way into the contributory old age pension.


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