The purpose of the voluntary contribution scheme is to provide persons who were but are no longer compulsorily insured under the social insurance system with the opportunity to pay contributions directly to my Department. Voluntary contributions ensure continuity of social insurance for pension purposes during periods where former contributors are no longer insured as employed or self-employed persons or are not in receipt of credited employment contributions.
The scheme’s entry criteria require applicants to have at least 520 social insurance contributions paid from either employment or self-employment. The Scheme was changed relatively recently in February 2017 when the period of time in which an application to become a voluntary contributor must be made was extended from 12 months to 60 months (5 years) from the end of the contribution year during which the applicant last paid a compulsory social insurance contribution or was last awarded a credited employment contribution. This change has already substantially widened the opportunity for individuals to participate on the scheme.
I trust this clarifies the matter for the Deputy.
