Michael Creed (Cork North West, Fine Gael)
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Question 81: To ask the Minister for Finance if final details are available regarding the operation of the early retirement scheme in the public service for persons over 50 years of age; if he will clarify the pension benefit which will accrue to applicants for remaining years available to them in the public service; the rate of pension on offer for persons who retire early; the number of years service required for full pension benefits; and if he will make a statement on the matter. [17235/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Details on the terms of the scheme and instructions regarding its operation are being circulated to Departments and will also be available on my Department's website. The benefits available under the scheme are based on service up to the date of departure, there is no addition of years of notional service in respect of the service forgone. The pension entitlement is calculated in the normal way i.e. on reckonable service and the pensionable remuneration. Forty years of reckonable service, or the equivalent, is normally required for maximum pension benefits.