Dáil Éireann Debate, Tuesday - 27 September 2011
106 Deputy Noel Grealish asked the Minister for Finance the number of employees in his Department who have expressed an interest in retiring ahead of the changes to the public sector pension schemes that are to come into force in 2012; and if he will make a statement on the matter. [25785/11]
Amharc ar fhreagraA number of employees in my Department will be required to retire in 2012 upon reaching their compulsory retirement age of 65 while others may retire upon reaching their minimum retirement age of 60 years of age or on actuarially reduced pension terms if they are within ten years of minimum retirement age. Since 11 July 2011, all staff in the civil service who intend to retire on or before 29 February 2012 are required to give 3 months notice of their date of retirement. Accordingly, in advance of the cut-off date of 30 November 2011, and taking account of the many factors that might determine an employee's decision to retire or not, it is not possible to accurately reflect, at this juncture, the number of employees in the Department who will submit a formal notification of retirement.
