Total Contributions Approach

9 results

For 20 years’ work, you will get almost the same pension as someone who paid into the system for up to 50 full years.
How much state pension will I get next year?

I will be 66 years of age next year. I moved to Ireland in 1995, and started paying PRSI at that point. So for 26 years, since 1995 to 2021. I will (...)

Assuming the aspiring coalition partners do go into government, changes on both the state pension age and a move to the new Total Contributions Approach (TCA) will be put on ice pending the deliberations of a yet to be formed pensions commission.
Will new pension commission cut my State pension?

Is the new Pensions Commission being set up by the putative coalition to look at changes in the pension age and other things likely to include discuss(...)

Photograph: iStock
Pensions reform should be high on everyone’s political agenda

Pensions have became the unexpected issue of the election. And just for once, it is not the gray vote but the graying vote that has set political part(...)

When is State pension reform happening as it will cost me money?

I’m due to receive my State pension in 2020. If the TCA pension revamp comes in before June (my 66th birthday), I face a dramatic cut in the amount I (...)

For all the improvements that the Total Contributions Approach promises, there is still the first step threshold of 520 paid contributions over a working life to be reached. Photograph: Bryan O’Brien
Does my wife fall short on access to new, improved pension?

My wife hopes to transfer to a contributory State pension under the review of current pensions as part of the move to the new method of calculating St(...)

Minister for Social Protection Regina Doherty has promised that no one would be left worse off under the new pension arrangements. Photograph: Gareth Chaney Collins
With only 10 years’ PRSI, will I be worse off on retirement next year?

I am 66 years old next year. I started working in Ireland in September 2006. By the end of this year, I will have approximately 530 PRSI class A paym(...)

Joan McLoughlin, Pensioners for Equality (centre) with Maureen Fahy, Irish Country Women’s Association and Justin Moran of Age Action at a press conference on the 2012 pension cuts. Photograph: Dara Mac Dónaill
Pension changes not just turning the clock back to 2012

My understanding of the pension reforms announced by Minister for Social Protection Regina Doherty in the Dáil on Tuesday was that they restored the p(...)

My understanding is that anyone retiring between now and 2020 will have the choice of using the existing system or the new total contributions system – whichever is more beneficial to them financially. Photograph: Getty Images
Are new State pension rules just a fix for marriage bar women?

I’m due to get my contributory State pension from June this year. Is the “pension reform” announced last week essentially a “fix” for women with reduc(...)

Minister for Social Protection Regina Doherty: new system comes into place on March 30th. Photograph: Gareth Chaney Collins
Q&A: What do reforms of the State contributory pension mean?

Minister for Social Protection Regina Doherty has announced significant reform of the State contributory pension. But what does it all mean, and will (...)