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Posted on 12 Jul 2019 5:19 pm
In the National Pension Framework 2010 it was also signalled that the Total Contributions system would be calculated on a 30 year basis which would have meant self employed people people who started paying PRSI in 1988 would have 32 years of contributions in 2020 and would be entitled to a full contributory pension. If in 2020 those retiring will require 40 years to get a maximum pension then all of those self employed people will be short 8 years contributions. Their pension based on 32 years contributions would give them approx 80% of the full pension ( €194.64 at the present rate of €248.30. That's some kick in the teeth for someone expecting a full pension.
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