Written answers

Thursday, 24 November 2011

Department of Finance

Pension Provisions

5:00 pm

Photo of Joe CareyJoe Carey (Clare, Fine Gael)
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Question 56: To ask the Minister for Finance if he will clarify the deductions from the pension of a public or civil servant as administered by the paymaster general; and if he will make a statement on the matter. [36734/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Under Section 9 of the Ministers and Secretaries (Amendment) Act, 2011 responsibility for all functions relating to public sector superannuation matters was transferred to the Minister for Public Expenditure and Reform, who has responsibility for the Superannuation Vote (Civil Service pensions) and for pensions payable from the Central Fund. The Paymaster General's Office in my Department acts as the paying agency for these pensions on instructions from the Department of Public Expenditure and Reform. Pension payments are subject to the Public Service Pension Reduction at the following rates:

First €12,000 0%

Between €12,000 and €24,000 6%

Between €24,000 and €60,000 9%

Above €60,000 12%

In addition, pensions are subject to statutory deduction for taxation and Universal Social Charge, but the actual amounts deducted would depend on the individual circumstances of each payee. Pensioners may also have voluntary deductions, for example, contributions to a health insurer.

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