Paul McGrath
Question:118 Mr. McGrath asked the Minister for Education the rate of superannuation paid by teachers; and the benefits which these payments extend to the payee. [2898/95]
Written Answers. - Teachers' Superannuation.
All teachers who are members of their respective superannuation schemes contribute towards their superannuation benefits in the following ways: (i) towards their own pensions by deduction of 5 per cent of salary and allowances while serving and (ii) in the case of those who are members of the spouses and children's pension schemes (a) towards the spouses and children's pension scheme by deduction of 1.5 per cent of salary and allowances while serving, and (b) by deduction of 1 per cent of retiring pensionable salary from the retirement lump sum or death gratuity in respect of each year for which contributions at 1.5 per cent were not paid.
The benefits payable in respect of eligible teachers on retirement or death in service, who satisfy the requirements of their respective schemes are:
(a) (i) Retirement pension and lump sum.
(ii) Death gratuity.
(iii) Disablement pension and lump sum in approved cases.
(iv) Preserved benefit at age 60 (or earlier in cases of death) where the teacher has left teaching service earlier than minimum pension age.
(v) Return of pension contributions in the case of a teacher with less than five years service at compulsory retirement age.
(b) Spouses and children's pension becomes payable on the death of an eligible teacher.