LegalizeS.I. No. 292/2015 - Education and Training Board Teachers Superannuation Scheme 2015
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
1 amending act · 2017-07-26, Financial Services and Pensions Ombudsman Act 2017
| Age next birthday | Integrated (Class A PRSI) | Non-integrated (modified PRSI) |
| % of gross salary | % of gross salary | |
| 21 | 31. 5% | 38. 8% |
| 22 | 32. 1% | 39. 5% |
| 23 | 32. 6% | 40. 2% |
| 24 | 33. 1% | 40. 8% |
| 25 | 33. 5% | 41. 4% |
| 26 | 33. 8% | 41. 9% |
| 27 | 34. 1% | 42. 4% |
| 28 | 34. 4% | 42. 8% |
| 29 | 34. 5% | 43. 1% |
| 30 | 34. 7% | 43. 4% |
| 31 | 34. 7% | 43. 6% |
| 32 | 34. 7% | 43. 8% |
| 33 | 34. 6% | 43. 9% |
| 34 | 34. 4% | 43. 9% |
| 35 | 34. 2% | 43. 8% |
| 36 | 33. 9% | 43. 7% |
| 37 | 33. 5% | 43. 6% |
| 38 | 33. 1% | 43. 4% |
| 39 | 32. 6% | 43. 1% |
| 40 | 32. 1% | 42. 7% |
| 41 | 31. 4% | 42. 3% |
| 42 | 30. 8% | 41. 9% |
| 43 | 30. 0% | 41. 4% |
| 44 | 29. 2% | 40. 8% |
| 45 | 28. 4% | 40. 2% |
| 46 | 27. 5% | 39. 5% |
| 47 | 26. 6% | 38. 8% |
| 48 | 25. 6% | 38. 1% |
| 49 | 25. 1% | 37. 3% |
| 50 | 25. 3% | 36. 5% |
| 51 | 25. 6% | 35. 7% |
| 52 | 25. 8% | 34. 9% |
| 53 | 26. 0% | 34. 1% |
| 54 | 26. 3% | 33. 3% |
| 55 | 26. 6% | 32. 6% |
Table 6 (continued) — Officers: Purchase by reference to age 60
Member of the Survivors’ and Children’s Scheme
Lump Sum contribution rates (applicable from 27/4/05 — see Footnote)
| Age next birthday | Integrated (Class A PRSI) | Non-integrated (modified PRSI) |
| % of gross salary | % of gross salary | |
| 56 | 26. 5% | 31. 9% |
| 57 | 26. 0% | 31. 2% |
| 58 | 25. 6% | 30. 5% |
| 59 | 26. 2% | 29. 9% |
| 60 | 26. 8% | 29. 2% |
FOOTNOTE: Under transitional provisions, set out in paragraph 5 of Department of Education and Science Circular 0125/2006, the relevant birthday may be the first birthday occurring after 26/4/05.
Table 7 — Officers: Purchase by reference to age 60
Non-member of the Survivors’ and Children’s Scheme
Periodic contribution rates (applicable from 27/4/05 — see Footnote 2)
| Age next birthday | Integrated (Class A PRSI)* | Integrated (Class A PRSI)* | Non-integrated (modified PRSI) |
| % of net salary | % of gross salary | % of gross salary | |
| 21 | 0. 69% | 0. 09% | 0. 68% |
| 22 | 0. 72% | 0. 10% | 0. 70% |
| 23 | 0. 74% | 0. 10% | 0. 72% |
| 24 | 0. 77% | 0. 11% | 0. 75% |
| 25 | 0. 79% | 0. 11% | 0. 77% |
| 26 | 0. 82% | 0. 11% | 0. 80% |
| 27 | 0. 84% | 0. 11% | 0. 82% |
| 28 | 0. 86% | 0. 12% | 0. 84% |
| 29 | 0. 89% | 0. 12% | 0. 87% |
| 30 | 0. 91% | 0. 12% | 0. 89% |
| 31 | 0. 93% | 0. 13% | 0. 92% |
| 32 | 0. 95% | 0. 13% | 0. 95% |
| 33 | 0. 97% | 0. 14% | 0. 97% |
| 34 | 1. 00% | 0. 14% | 1. 00% |
| 35 | 1. 02% | 0. 14% | 1. 03% |
| 36 | 1. 04% | 0. 15% | 1. 06% |
| 37 | 1. 06% | 0. 15% | 1. 10% |
| 38 | 1. 09% | 0. 16% | 1. 13% |
| 39 | 1. 11% | 0. 17% | 1. 18% |
| 40 | 1. 14% | 0. 17% | 1. 22% |
| 41 | 1. 17% | 0. 18% | 1. 27% |
| 42 | 1. 24% | 0. 19% | 1. 35% |
| 43 | 1. 31% | 0. 20% | 1. 44% |
| 44 | 1. 40% | 0. 21% | 1. 54% |
| 45 | 1. 50% | 0. 23% | 1. 65% |
| 46 | 1. 61% | 0. 25% | 1. 78% |
| 47 | 1. 74% | 0. 27% | 1. 93% |
| 48 | 1. 89% | 0. 29% | 2. 10% |
| 49 | 2. 07% | 0. 32% | 2. 30% |
| 50 | 2. 28% | 0. 35% | 2. 55% |
| 51 | 2. 55% | 0. 39% | 2. 85% |
| 52 | 2. 87% | 0. 45% | 3. 23% |
| 53 | 3. 29% | 0. 51% | 3. 71% |
| 54 | 3. 86% | 0. 60% | 4. 36% |
| 55 | 4. 64% | 0. 73% | 5. 27% |
Table 7 (continued) — Officers: Purchase by reference to age 60
Non-member of the Survivors’ and Children’s Scheme
Periodic contribution rates (applicable from 27/4/05 — see Footnote 2)
| Age next birthday | Integrated (Class A PRSI)* | Integrated (Class A PRSI)* | Non-integrated (modified PRSI) |
| % of net salary | % of gross salary | % of gross salary | |
| 56 | 5. 82% | 0. 92% | 6. 63% |
| 57 | 7. 79% | 1. 23% | 8. 90% |
| 58 | 11. 72% | 1. 86% | 13. 44% |
FOOTNOTE 1: *In the case of Integrated Officers, contributions are payable on both Net Salary and Gross Salary. ‘Net Salary’ = gross salary less twice the maximum personal rate of State Pension (Contributory). (This footnote also applies to Table 1 above).
FOOTNOTE 2: Under transitional provisions, set out in paragraph 5 of Department of Education and Science Circular 0125/2006, the relevant birthday may be the first birthday occurring after 26/4/05.
Table 8 — Officers: Purchase by reference to age 60
Non-member of the Survivors’ and Children’s Scheme
Lump Sum contribution rates (applicable from 27/4/05 — see Footnote)
| Age next birthday | Integrated (Class A PRSI) | Non-integrated (modified PRSI) |
| % of gross salary | % of gross salary | |
| 21 | 28. 5% | 35. 4% |
| 22 | 29. 0% | 36. 0% |
| 23 | 29. 5% | 36. 7% |
| 24 | 29. 9% | 37. 3% |
| 25 | 30. 3% | 37. 8% |
| 26 | 30. 7% | 38. 3% |
| 27 | 30. 9% | 38. 7% |
| 28 | 31. 1% | 39. 1% |
| 29 | 31. 3% | 39. 4% |
| 30 | 31. 4% | 39. 7% |
| 31 | 31. 4% | 39. 9% |
| 32 | 31. 4% | 40. 0% |
| 33 | 31. 3% | 40. 1% |
| 34 | 31. 2% | 40. 1% |
| 35 | 31. 0% | 40. 1% |
| 36 | 30. 7% | 40. 0% |
| 37 | 30. 4% | 39. 9% |
| 38 | 30. 0% | 39. 7% |
| 39 | 29. 5% | 39. 4% |
| 40 | 29. 0% | 39. 1% |
| 41 | 28. 5% | 38. 8% |
| 42 | 27. 9% | 38. 4% |
| 43 | 27. 2% | 37. 9% |
| 44 | 26. 5% | 37. 4% |
| 45 | 25. 7% | 36. 9% |
| 46 | 24. 9% | 36. 3% |
| 47 | 24. 0% | 35. 7% |
| 48 | 23. 1% | 35. 0% |
| 49 | 22. 9% | 34. 3% |
| 50 | 23. 1% | 33. 6% |
| 51 | 23. 4% | 32. 8% |
| 52 | 23. 6% | 32. 1% |
| 53 | 23. 8% | 31. 4% |
| 54 | 24. 1% | 30. 7% |
| 55 | 24. 4% | 30. 1% |
Table 8 (continued) — Officers: Purchase by reference to age 60
Non-member of the Survivors’ and Children’s Scheme
Lump Sum contribution rates (applicable from 27/4/05 — see Footnote)
| Age next birthday | Integrated (Class A PRSI) | Non-integrated (modified PRSI) |
| % of gross salary | % of gross salary | |
| 56 | 24. 3% | 29. 4% |
| 57 | 23. 9% | 28. 8% |
| 58 | 23. 6% | 28. 2% |
| 59 | 24. 2% | 27. 7% |
| 60 | 24. 8% | 27. 1% |
NOTE: Under transitional provisions, set out in paragraph 5 of Department of Education and Science Circular 0125/2006, the relevant birthday may be the first birthday occurring after 26/4/05.
Table 9
Actuarial Reduction Factors
Purchase by reference to age 65
| Age last birthday | Pension | Lump Sum |
| 30 | 22. 9% | 50. 7% |
| 31 | 23. 6% | 51. 7% |
| 32 | 24. 4% | 52. 8% |
| 33 | 25. 2% | 53. 8% |
| 34 | 26. 0% | 54. 9% |
| 35 | 26. 9% | 55. 9% |
| 36 | 27. 8% | 57. 0% |
| 37 | 28. 7% | 58. 2% |
| 38 | 29. 7% | 59. 3% |
| 39 | 30. 8% | 60. 5% |
| 40 | 31. 8% | 61. 7% |
| 41 | 33. 0% | 62. 9% |
| 42 | 34. 2% | 64. 1% |
| 43 | 35. 5% | 65. 4% |
| 44 | 36. 8% | 66. 7% |
| 45 | 38. 2% | 68. 0% |
| 46 | 39. 7% | 69. 3% |
| 47 | 41. 3% | 70. 6% |
| 48 | 43. 0% | 72. 0% |
| 49 | 44. 8% | 73. 4% |
| 50 | 46. 7% | 74. 8% |
| 51 | 48. 7% | 76. 3% |
| 52 | 50. 8% | 77. 8% |
| 53 | 53. 1% | 79. 3% |
| 54 | 55. 6% | 80. 8% |
| 55 | 58. 2% | 82. 4% |
| 56 | 61. 1% | 84. 0% |
| 57 | 64. 1% | 85. 6% |
| 58 | 67. 4% | 87. 3% |
| 59 | 71. 0% | 89. 0% |
| 60 | 74. 8% | 90. 7% |
| 61 | 79. 0% | 92. 5% |
| 62 | 83. 6% | 94. 3% |
| 63 | 88. 5% | 96. 1% |
| 64 | 94. 0% | 98. 0% |
| 65 | 100. 0% | 100. 0% |
Table 10
Actuarial Reduction Factors
Purchase by reference to age 60
| Age last birthday | Pension | Lump Sum |
| 30 | 30. 6% | 55. 7% |
| 31 | 31. 6% | 56. 8% |
| 32 | 32. 6% | 57. 9% |
| 33 | 33. 6% | 59. 0% |
| 34 | 34. 7% | 60. 2% |
| 35 | 35. 9% | 61. 4% |
| 36 | 37. 1% | 62. 6% |
| 37 | 38. 4% | 63. 8% |
| 38 | 39. 7% | 65. 1% |
| 39 | 41. 1% | 66. 4% |
| 40 | 42. 5% | 67. 7% |
| 41 | 44. 1% | 69. 0% |
| 42 | 45. 7% | 70. 4% |
| 43 | 47. 4% | 71. 8% |
| 44 | 49. 2% | 73. 2% |
| 45 | 51. 1% | 74. 6% |
| 46 | 53. 1% | 76. 1% |
| 47 | 55. 2% | 77. 6% |
| 48 | 57. 4% | 79. 1% |
| 49 | 59. 8% | 80. 7% |
| 50 | 62. 4% | 82. 2% |
| 51 | 65. 1% | 83. 9% |
| 52 | 67. 9% | 85. 5% |
| 53 | 71. 0% | 87. 2% |
| 54 | 74. 3% | 88. 9% |
| 55 | 77. 8% | 90. 7% |
| 56 | 81. 6% | 92. 4% |
| 57 | 85. 7% | 94. 3% |
| 58 | 90. 1% | 96. 1% |
| 59 | 94. 8% | 98. 0% |
| 60 | 100. 0% | 100. 0% |
SCHEDULE 2 LIMITS ON THE AMOUNT OF SERVICE WHICH MAY BE PURCHASED
For the purposes of this Schedule—
“relevant pensionable service” includes periods of leave without pay purchased in accordance with the provisions of Chapter 2 of Part 2;
“retained benefits” means benefits from another public sector pension scheme and includes pensions, commutation payments, lump sums, gratuities and refunds of superannuation contributions.
The maximum amount of service which may be purchased depends on the member’s prospective pensionable service at the relevant age and any retained benefits received or receivable by virtue of earlier service under another occupational pension scheme as defined in section 2 of the Pensions Act 1990 .
For a member who would have at least 9 years’ relevant pensionable service at the relevant age and who is not entitled to retained benefits, the maximum amount of service which may be purchased is that specified in column (2) of the Table to this paragraph opposite the mention in column (1) of that Table of the relevant pensionable service which the member would have if he or she remains in service until the relevant age.
TABLE
| Relevant pensionable service(1) | Maximum service which can be purchased(2) |
| 20 years or more | Difference between 40 years and pensionable service by the relevant age |
| 19 years | 17 years |
| 18 years | 15 years |
| 17 years | 13 years |
| 16 years | 11 years |
| 15 years | 9 years |
| 14 years | 7 years |
| 13 years | 5 years |
| 12 years | 4 years |
| 11 years | 3 years |
| 10 years | 2 years |
| 9 years | 1 year |
The limits specified in the Table to paragraph 3 are subject to the overriding restriction that the amount of service which may be purchased, together with service which is otherwise pensionable, shall not in any case exceed 40 years.
Where the potential pensionable service at the relevant age is less than 20 years but includes days of service in excess of a complete number of years, a number of days equal to 365 days less the excess days in question may be purchased in addition to the appropriate number of years specified in column (2) of the Table to paragraph 3.
Where a member is entitled to retained benefits for earlier service under another public sector pension scheme, and those benefits are identical to the benefits which would be payable under this Scheme for an equivalent period of service, the maximum number of years of notional service which may be purchased shall be the smaller of—
- (a) the maximum specified in column (2) of the Table to paragraph 3; and
(b)40 —A,
where A is the relevant pensionable service which the member would have at the relevant age.
Where the value of the retained benefits paid or payable is not identical to the value of the superannuation benefits which would be payable under this Scheme in respect of an equivalent period, the amount of service which may be purchased by the member concerned shall be determined by the Minister after consultation with the Minister for Public Expenditure and Reform.
GIVEN under my Official Seal,
9 July 2015.
JAN O’SULLIVAN,
Minister for Education and Skills.
The Minister for Public Expenditure& Reform hereby consents to the foregoing Scheme.
GIVEN under my Official Seal,
9 July 2015.
BRENDAN HOWLIN,
Minister for Public Expenditure and Reform.
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