Pension estimator tool goes live
Online tool calculates retirement benefits for public servants hired since 2013
by Diarmaid Mac a Bhaird
A ‘single scheme estimator tool,’ which indicates the retirement benefits that public servants hired after 1st January 2013 can expect, is now available. The tool covers standard-grade members of the single public service pension scheme who are currently employed in a pensionable capacity in the Irish public service.
Most standard grades can use the tool if they are single pension scheme members, but others – including Garda, prison officers and members of the defence forces – can’t.
Fórsa official Billy Hannigan welcomed the introduction of single scheme estimator tool, saying the union had been calling for it for some time.
He added that there was a need for greater clarification from the Department of Public Expenditure and Reform (DPER) on the finalisation of a scheme to enable members to transfer or purchase benefits. The union is in ongoing contact with DPER on the issue.
Billy also said the union was seeking an assurance that workers will get annual benefit statements.
The single scheme estimator tool is available here, and further information is available here.