Page 201 - Guerin Media Ltd | Active Retirement Ireland Members Annual 2016
P. 201
ALLOWANCES & ENTITLEMENTS BE INFORMED
ALLOWANCES &
ENTITLEMENTS
State Pension (Transition)
From 1 January 2014 the State Pension (Transition)
is no longer paid to new applicants. This means that
there is a standard State Pension age of 66 years for
everyone.
The qualifying age rose to 66 in 2014 and will rise to
67 in 2021 and 68 in 2028. So:
• If you were born on or after 1 January 1948 the
minimum qualifying State pension age will be 66
(because the State Pension (Transition) will no
longer be paid).
• If you were born on or after 1 January
1955 the minimum qualifying State pension
age will be 67.
• If you were born on or after 1 January 1961 the
minimum qualifying State pension age will be 68.
State Pension (Contributory)
State Pension (Contributory) Rates from 1 January 2016
The rates below applies only to claimants, who reach pension age, for State Pension (Contributory) from 1 September
2012. It does not affect anyone receiving a State Pension before this date.
Yearly Average Personal Rate Increase for Qualified Increase for Qualified
Contributions Per Week
Adult Aged under 66 Adult Aged 66 or Over
48 or over €233.30
40 - 47 €228.70 Rate per Week Rate per Week
30 - 39 €209.70 €155.50 €209.00
20 - 29 €198.00 €147.90 €198.60
15 - 19 €152.00 €140.80 €188.40
10 - 14 €93.20 €131.70 €177.30
€101.30 €133.70
€61.80 €84.10
www.activeirl.ie Active Retirement Ireland 201
ALLOWANCES &
ENTITLEMENTS
State Pension (Transition)
From 1 January 2014 the State Pension (Transition)
is no longer paid to new applicants. This means that
there is a standard State Pension age of 66 years for
everyone.
The qualifying age rose to 66 in 2014 and will rise to
67 in 2021 and 68 in 2028. So:
• If you were born on or after 1 January 1948 the
minimum qualifying State pension age will be 66
(because the State Pension (Transition) will no
longer be paid).
• If you were born on or after 1 January
1955 the minimum qualifying State pension
age will be 67.
• If you were born on or after 1 January 1961 the
minimum qualifying State pension age will be 68.
State Pension (Contributory)
State Pension (Contributory) Rates from 1 January 2016
The rates below applies only to claimants, who reach pension age, for State Pension (Contributory) from 1 September
2012. It does not affect anyone receiving a State Pension before this date.
Yearly Average Personal Rate Increase for Qualified Increase for Qualified
Contributions Per Week
Adult Aged under 66 Adult Aged 66 or Over
48 or over €233.30
40 - 47 €228.70 Rate per Week Rate per Week
30 - 39 €209.70 €155.50 €209.00
20 - 29 €198.00 €147.90 €198.60
15 - 19 €152.00 €140.80 €188.40
10 - 14 €93.20 €131.70 €177.30
€101.30 €133.70
€61.80 €84.10
www.activeirl.ie Active Retirement Ireland 201
