Superannuation / Retirement. All permanent regular employees will participate in the pension plan established pursuant to the Pension (Municipal) Act, commencing at the beginning of the month following successful completion of probation. However, a permanent regular part-time employee may waive participation, in writing, for the first two (2) years of employment. An employee must retire no later than the maximum age specified in the Pension (Municipal) Act.
Superannuation / Retirement. The appointee will be covered by the terms of the relevant pension scheme as set out in Sections 5 & 6 of DPER Circular 19/2012. Appropriate deductions will be made from your salary in respect of your contributions to the scheme. In general, 65 is the minimum age at which pension is payable, however, for appointees who are deemed not to be ‘new entrants’ as defined in the Public Service Superannuation Miscellaneous Provisions Act 2004 an earlier minimum pension age may apply. Should you be deemed not to be a new entrant (as defined in the Public Service Superannuation (Miscellaneous Provisions) Act 2004) retirement is compulsory on reaching 65 years of age. Consultants newly appointed on or after 1st January 2013 or persons returning to public service employment after a break of more than 26 weeks will be members of the Single Public Service Pension Scheme. The Single Scheme provides for CPI linked defined benefit pension awards based on career-average pay. Minimum pension age will be linked to the State Pension age (66 years) initially, rising to 67 in 2021 and 68 in 2028. Pension benefits for new entrants will accrue on a standard basis (i.e. one year’s credit for one year’s service up to a maximum of 40 years’ service) while normal abatements of pension provision will apply to all public sector posts. Compulsory retirement age for most members will be 70 years.
