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Normal Retirement

Overview

The normal retirement age in UCD is age 65.  However the majority of staff in UCD who were appointed to pensionable University posts before 31/12/2004, have the option to retire anytime between the ages of 60-65. Below you will find information on how a normal retirement is processed.

 

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Procedure

  • In advance of your 65th birthday you will be contacted by the UCD Pensions Office and provided with a statement of your retirement benefits.
  • Added Years may be granted at retirement, at the discretion of the Minister for Education & Skills and the Minister for Finance, in respect of special qualifications or previous non-pensionable service prior to joining the University, provided that the total of actual and added years shall not exceed 40, and that the number of added years shall not exceed one third of actual service subject to a maximum of 10 years. The Financial Measures (Miscellaneous Provisions) Act 2009 has not altered the rights and obligations of members under Scheme rules.   Where the Scheme rules provide for discretion in relation to members' rights and benefits, that discretionary power now vests in the Minister for Education & Skills and the Minister for Finance.   Please note that an Added Years award is one of the benefits subject to the discretion of the Minister for Education & Skills and the Minister for Finance and any decision on the granting of added years will only be made at retirement.??
  • Arrangements to collect your gratuity cheque and Spouse/Civil Partner/Children’s tax certificate (if relevant) can be made by contacting the UCD Pensions Office a week in advance of your retirement date.
  • Your pension payment will be set up automatically and paid into the same bank account, on the same date as your salary was previously.
  • The payslip for your pension will be posted to your home address and your Personnel number will remain unchanged.

 

Note: If you engage in post retirement work with UCD a “P” will be added to the end of your existing number. The payslip for this additional pay will be available online through Employee Self Service as normal.

 

  • A Pensioner Declaration Form will be issued on an annual basis for completion and return during your retirement. This is an Audit requirement.

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Points to note

  • If you have previous civil service or public sector service which may be transferrable or bought back, please complete the transfer in form and email to pensions@ucd.ie well in advance of your retirement date as this process can take some time to complete. For further details on transfers in please see Transferring Pension Benefits.

  • VHI, Accident policy and individual voluntary life assurance premiums which were deducted from your salary will automatically continue to be deducted from pension. The UCD voluntary Life Assurance Scheme will stop unless you are returning to UCD on a temporary contract, in which case the premium will continue to be deducted on the part time earnings automatically up to age 65.  If you have queries in relation other deductions please contact payroll@ucd.ie.

  • Your staff card will remain active after you retire.

  • As a pensioner you will continue to have access to your UCD e-mail account.

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Ask HR

If you cannot find the information you are looking for please 'Ask HR' by completing this form below.

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If you need to speak to a member of UCD HR staff in relation to
this service, please call us on + 353 (01) 716 4909.