I have been advised by ESB that pension entitlements vary from individual to individual depending on accrued service at pension date. Pension benefits are only payable at 60 where the individual retires or has left ESB under a voluntary severance scheme.
Assuming maximum potential service, the individual, should he/she retire at age 60, is entitled to a pension lump sum of 1.5 times salary and an ongoing pension of 50 per cent salary. The ongoing pension payment is subject to taxation.
However, these benefits are reduced where the individual has not attained the maximum service period by the pension date.