Single Scheme – Brief Overview
The Single Public Service Pension Scheme (“Single Scheme”) commenced with effect from 1 January 2013.
It applies in the Civil Service, Local Authorities, Education Sector, Health Sector, to Gardaí, Defence Forces, Prison Officers, Firefighters, the Regulatory Sector, and all non-commercial semi-state bodies. It also applies to members of the Houses of the Oireachtas, to the Judiciary, the President, the Comptroller and Auditor General and to Qualifying and Designated Office Holders.
All new entrants to pensionable public service employment on or after 1 January 2013 are, in general, members of the Single Scheme.
The rules of the Single Scheme are set down in the Public Service Pensions (Single Scheme and Other Provisions) Act 2012. The main elements are;
- career average earnings are used to calculate benefits (a pension and lump sum amount accrue each year and are up-rated each year by reference to the Consumer Price Index CPI)
- minimum pension age for most members is linked to the State Pension age (66 years at present, rising to 67 in 2021 and 68 in 2028)
- compulsory retirement age of 70 applies for most members
- post retirement pension increases are linked to CPI.
Information Booklet (General outline of Scheme)
[If you choose “Booklet Printing” from amongst the ‘Page Scaling’ options on your printer it will paginate and print an A5 booklet version for you, otherwise a larger text A4 version will print.]
- A list with links on all the legislation on the Single Scheme
- The circulars and policy letters on the Single Scheme
Single Scheme Administration Project
This section gives information on the assessing the feasibility of centralising Single Scheme Administration
- A Report on the status of Public Bodies in the Scheme at November 2014