Heather Humphreys (Cavan-Monaghan, Fine Gael) | Oireachtas source

Yes, therefore a self-employed contributor will be unlikely to have 40 years of self-employed contributions until 2028. However, due to the phased transition, the financial impact should be limited specifically because a self-employed person drawing down their pension at age 66 in 2025, who would have received the maximum rate under the yearly average, will see their pension reduced by €2.08 due to the transition. A similar self-employed person drawing their pension in 2026 would see their pension reduced by €2.77. Again, a similar self-employed person drawing down their pension in 2027 will see their pension reduced by €2.08 per week.