In recent years, the government announced a series of increases to the age at which a person can receive the state contributory pension.
Currently, this pension is payable for people from the age of 66.
However, there are many public servants that must contractually retire at the age of 65.
This poses a problem in cases where their retirement pension includes part of the state pension.
The government is to introduce legislation to address this anomaly.
However, until the legislation is introduced, a
circular has been introduced to cater for anyone who is planning to retire in the near future.
This circular will be of interest to school staff who reach the age of 65 in the near future and who:
- Were recruited between 1st April 2004 and 31st December 2012 AND
- Who have a pension scheme that explicitly states that they MUST retire at 65.
The circular does not affect any other category of school staff.
The circular outlines a scheme for allowing staff who wish to avail of it the option of continuing in employment until they reach the new state retirement age of 66.
The circular can be accessed
here.
