Pension Schemes

[gilgamboa]

@anon26343222

So what’s going to happen to the state pension. Leave the old folks without until we put everyone on a private pension?

Nobody knows. If the population keeps aging our tax rates would need to increase to fund it. Already been moved up to 66 years old to get it and 68 from 2028.

[KinvarasPassion]

@Spidey

Thought I had an ok pension pot until I saw what my mate who has a good number in a state agency will be getting. Half his final years salary. Different gravy.

Your mate obvious joined the public sector pre 2013

[artfoley]

@Spidey

Thought I had an ok pension pot until I saw what my mate who has a good number in a state agency will be getting. Half his final years salary. Different gravy.

dont get that in the single civil service scheme. the most you get is around a 3rd of final salary plus the OAP which could conceivably bring you up to 50, dependant on your salary

[tallback]

@anon26343222

@gilgamboa

@Big_Dan_Campbell

Also what is deemed the acceptable % of your salary should you want your pension to cover in retirement? Given that you would expect the mortgage to be paid and expenses are down, would 50% of your salary cover things comfortably or would be the recommended figure be higher?

You’d be doing v well to have 50% of final salary.

Currently you get another 11k a year from the government as an ‘old age pension’. Couldnt rely on this being there in 30 years time

So what’s going to happen to the state pension. Leave the old folks without until we put everyone on a private pension?

It’ll be gradually reduced so that the taxpayer can focus their efforts on paying the public-sector pensions as per @Spidey 's mate.

[Ambrose_McNulty]

@Spidey

Thought I had an ok pension pot until I saw what my mate who has a good number in a state agency will be getting. Half his final years salary. Different gravy.

You’re leaving out the 90% of his final salary as a once off payment too. I’ll be buying a top of the range John Deere with mine when the day comes

[artfoley]

@Ambrose_McNulty

You’re leaving out the 90% of his final salary as a once off payment too. I’ll be buying a top of the range John Deere with mine when the day comes

150% of final salary

[KinvarasPassion]

You’d have to wonder about any lad over 40 slogging away in the private sector.

[Cicero_Dandi]

I’m on a public jobs panel. Think I will venture over to the easy life.

[Raylan]

Which state?

[TreatyStones]

@KinvarasPassion

You’d have to wonder about any lad over 40 slogging away in the private sector.

I’ve been thinking about it myself. Let me know if theres any decent IT jobs. Youd need to be going in at a high scale though given the lack of any benefits.

[Cicero_Dandi]

The Free State, in Louth.

[Raylan]

Stater

[artfoley]

@Raylan

Stater

stater soup taker

[Cicero_Dandi]

I’m Italian.

[Raylan]

You’ll be supporting the teachers next

[Cicero_Dandi]

Never.

[artfoley]

if anyone wants to see how much they could get in pensions in the CS, here’s a handy calculator.

http://cspensions.gov.ie/modellers.asp

ill be retiring on 36k plus a lump sum of 109k (excepting increments and promotions in the intervening 20 odd years)

[TheUlteriorMotive]

Tfk’s slum landlords bunk beds are our pensions

[Julio_Geordio]

@artfoley

if anyone wants to see how much they could get in pensions in the CS, here’s a handy calculator.

http://cspensions.gov.ie/modellers.asp

ill be retiring on 36k plus a lump sum of 109k (excepting increments and promotions in the intervening 20 odd years)

20 years? There’ll be nothing left for you by then mate

[artfoley]

@Julio_Geordio

20 years? There’ll be nothing left for you by then mate

there’s no pension fund per se, it all comes from central govt funds. its all gravy