Recent changes affecting existing public service pensions

The Public Service Pensions (Single Scheme and other Provisions) Act 2012 made certain changes affecting existing public service pension arrangements, including;

the introduction with effect from 28 July 2012 of a 40-year limit on the total service which can be counted towards pension where a person has been a member of more than one existing public service pension scheme,

the extension with effect from 1 November 2012 of pension abatement so that a retiree’s public service pension is liable to abatement on re-entering public service employment in future, even where the new employment is in a different area of the public service, and

in cases where a person is paid more than one public service pension, and provided the combined value of those pensions exceeds €32,500, the aggregation of those pensions for the purposes of imposition of the Public Service Pension Reduction (PSPR).

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