Transfers under the Single Scheme
The Single Scheme applies to most bodies within the Irish Public Service. If you are moving to another organisation to which the Single Scheme applies, then your membership of the Single Scheme membership will just continue with your new employer.
If I have other Single Scheme benefits outside of Trinity, can I transfer these in?
In the future, the Single Scheme will be administered by a centralised service team. The team will be responsible for the payment of all Single Scheme benefits accrued during your working life. There is therefore no need to transfer accrued Single Scheme service from one Irish Public Service organisation to another.
If I have other Irish Public Service benefits (excluding the Single Scheme) can I transfer these in?
There is no provision in the rules to allow members to transfer other Irish Public Service benefits into the Single Scheme.
If I have other non Public Service benefits can I transfer these in?
With effect from 1 October 2019 members can elect to transfer previous pension benefits into the Single Scheme. To avail of the transfer facility, members must have the capacity to become vested (i.e. have over 2 years pensionable service within the Single Scheme) members of the Single Scheme before they reach their normal retirement age. The transfer facility allows a member to purchase additional pension only, additional lump sum only or a combination of additional pension and lump sum with the transfer payment.
The Department of Public Expenditure and Reform (DPER) are responsible for the Single Scheme and have developed a spreadsheet to calculate the benefits that would be purchased through a transfer. The spreadsheet can be found by clicking here. Once you have used the spreadsheet to establish the approximate cost and you wish to investigate the transfer further you should contact the Pensions Office and provide confirmation of any other pension benefits you currently have and the current value of each.
Further information regarding this scheme can also be found on the relevant circular which is available on the Single Scheme website.