For all Public Sector organisations, employee’s pay from 01 January 2010 will be subject to a Pension Related Deduction and applies to employees who
- Are members of a Public Service Pension Scheme
- Those entitled to a benefit under a Public Service Pension Scheme
- Have an entitlement to join a Public Service Pension Scheme
- Those who receive any type of payment or allowance in lieu of membership of a Public Service Pension Scheme
The Levy is calculated as follows:
| Weekly Threshold | Monthly threshold | Levy (%) |
| €288.46 | €1250.00 | 0% |
| €384.62 | €1666.67 | 5% |
| €1153.85 | €5000.00 | 10.00% |
| Balance | Balance | 10.50% |
| This means | (%) | |
| First €1250.00 at | 0% | |
| Next €416.67 at | 5% | |
| Next €3333.33 at | 10.00% | |
| Over €5000 at | 10.50% |
It is payable on all income, pensionable and otherwise (Overtime, allowances or any other like payment). It is additional to any other pension contribution that you are already paying.
It excludes Revenue-approved salary sacrifice: i.e. Travel pass salary deduction
The Deduction will not apply to a pension or pension lump sum.
Under the Income Tax Acts, deductions will be treated in the same way as a normal pension contribution. It will not affect the calculation of an individual’s limit under Revenue rules for pension contributions (including AVC’s).
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