Brian if you would like to know exactly how this works please feel free to get in contact with me. I have been assessed under the total contributions scheme for those affected by Budget 2012. Under the averaging system I had 1932 contributions based over 49 years and this gave me an average of 39.43 years and this left me on the 3rd band rate at €223.20 on today's rate. I also had 261 moderated contributions from 6 years working in CIE but these are not counted towards a state pension. Following a pension review I received a rate of €234.50 based on 1964 contributions giving me 37.77 years contributions (contributions from year of retirement included under the total contributions scheme). You might think I should be grateful for any rise in my pension but if the Budget 2012 pension rate band changes had been reversed I would be receiving €243.40 Fine Gael will be loathe to introduce the new system before an election because it is going to cause one hell of a s--tstorm.
Monica Condron
Posted on 9 Oct 2019 9:28 pm
Brian if you would like to know exactly how this works please feel free to get in contact with me. I have been assessed under the total contributions scheme for those affected by Budget 2012. Under the averaging system I had 1932 contributions based over 49 years and this gave me an average of 39.43 years and this left me on the 3rd band rate at €223.20 on today's rate. I also had 261 moderated contributions from 6 years working in CIE but these are not counted towards a state pension. Following a pension review I received a rate of €234.50 based on 1964 contributions giving me 37.77 years contributions (contributions from year of retirement included under the total contributions scheme). You might think I should be grateful for any rise in my pension but if the Budget 2012 pension rate band changes had been reversed I would be receiving €243.40 Fine Gael will be loathe to introduce the new system before an election because it is going to cause one hell of a s--tstorm.