Tuesday, 3 December 2019

Ceisteanna (148)

Michael McGrath

Ceist:

148. Deputy Michael McGrath asked the Minister for Public Expenditure and Reform if a matter raised in correspondence by a person (details supplied) in County Cork in relation to superannuation pensions policy will be addressed; and if he will make a statement on the matter. [49802/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Public)

The Additional Superannuation Contribution (ASC) is provided for under Part 4 of the Public Service Pay and Pensions Act 2017. Section 33 (1) defines a "relevant person" as follows:

33.(1) This section applies to a person--

(a) who--

(i) is a public servant on 1 January 2019, or

(ii) is not a public servant on that date but after that date is appointed or otherwise becomes a public servant,

(b) who, on 1 January 2019 or at any time afterwards, is a member of a public service pension scheme and

(c) who is a covered public servant .

(2) In this section, a person to whom this section applies is referred to as a "relevant person".

As the individual continues to be a member of a public service pension scheme he continues to be liable for ASC. Furthermore, the pension of a member of a pre-existing public service pension scheme is a function of two factors: Service to a maximum of 40 years and the final pensionable remuneration at date of retirement. In this regard they continue to accrue a pension benefit until they finally retire including by virtue of the fact that final pensionable remuneration is not determined until the point of retirement.