An established civil servant with less than 40 years service may avail of the provisions of the Financial Emergency Measures in the Public Interest (No. 2) Act, 2009 and retire before the end of the February 2012 so long as he/she fulfils the following provisions:
(i) has completed a qualifying service of a minimum of two calendar years and
(ii) has attained a minimum preserved pension age of 60 years if he/she took up employment before 1 April 2004, or 65 if he/she took up employment after 1 April 2004, when the Public Service Superannuation (Miscellaneous Provisions) Act, 2004 was introduced.
An established civil servant may also exercise the option to avail of cost neutral early retirement. Cost Neutral early retirement is a facility which allows qualifying officers who wish to retire up to ten years before minimum preserved pension age to apply to receive immediate payment of lump sum and pension, as an alternative to preserved benefits. The lump sum and pensions are reduced to make them the equivalent, in actuarial terms, of preserved benefits.
An unestablished civil servant with less than 40 years service may avail of the provisions of the Financial Emergency Measures in the Public Interest (No. 2) Act, 2009 and retire before the end of the February 2012 so long as he/she fulfils the following provisions: (i) has completed a qualifying service of a minimum of two calendar years and (ii) has attained a minimum preserved pension age of 65 years.
An unestablished civil servant may also exercise the option to avail of cost neutral early retirement. Cost Neutral early retirement is a facility which allows qualifying officers who wish to retire up to ten years before minimum preserved pension age to apply to receive immediate payment of lump sum and pension, as an alternative to preserved benefits. The lump sum and pensions are reduced to make them the equivalent, in actuarial terms, of preserved benefits.