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Scheme Booklet

A detailed Model Pension Scheme Booklet covering the main provisions of the Scheme is now available:

• Model Pension Scheme Booklet

Scheme Leaflets

Summary information on Model Pension Scheme provisions is available by accessing the relevant Member Information Leaflets below:

• Monthly Paid Staff members (Class A PRSI)
• Monthly Paid Staff members (Class D PRSI)
• Weekly Paid Staff members

Scheme Factor Changes

Employees are permitted to take early retirement from the scheme on a cost neutral basis. The reduction factors applying to their benefits are set out as follows:

For retirement prior to 31 December 2026:

2005-10 Cost Neutral Early Retirement – Model Scheme

For retirement after 1 January 2027:

2026 Cost Neutral Early Retirement – Model Scheme

The Model pension scheme allows employees to purchase additional service or transfer benefits into the scheme. The factors applying to these calculations are set out as follows:

For purchase or transfer prior to 31 December 2026:

2006-04 Purchase of Notional Service

For purchase or transfer after 1 January 2027:

2026-26 Purchase of Notional Service