Groups A & B, referenced in the table above, who previously retired at age 65, can now remain in employment to age 70. Traditionally the UCD Pensions Office contacted employees in these groups, 6 months in advance of their 65th birthday regarding retirement. This contact will now be made 6 months in advance of the 70th birthday.
Employees who as a result of the legislation can opt to remain in employment past their 65th birthday should be aware of the following:
- They will continue in their employment with no change to their current terms and conditions including salary.
- They will continue to accrue pensionable service up to a maximum of 40 years.
- The legislation has not changed the minimum retirement age which means employees can still opt to early retire anytime from age 60.
- Pension benefits will be payable at retirement which will be age 70 or the earlier retirement date as chosen by the employee.
- No approval is required to remain in employment up to age 70.
- We are currently working with our software providers to allow calculations on ESS past age 65 and these should be available shortly. Figures prior to age 65 are currently available through the Employee Self-Service System.
Group C, as referenced in the table above, are unaffected by the legislation and have no maximum retirement age.
The Public Service Superannuation (Miscellaneous Provisions) Act 2004 removed the compulsory retirement age for new entrants to the public service with effect from 1 April 2004 i.e. staff do not have to retire at the normal retirement age of 65. There is no limit on the upper retirement age. The Act also specifies that the minimum retirement age at which pension may be paid to new entrants is 65.
A new entrant to the public service is an employee who either:
- becomes a public servant for the first time from 1 April 2004 to 31 December 2012, or
- leaves public service employment and who between 1 April 2004 and 31 December 2012 returns to public service employment following a break in service of more than 26 weeks
Staff can check if they are a new entrant under the 2004 act by logging onto their online pensions self service via Employee Self Service (ESS) and proceeding to the pensions calculator. The calculator contains a field called Pensions Category which will show new entrant/non new entrant as appropriate. If you are a permanent employee and the record describes you as a new entrant, you will have the right to continue working beyond age 65.
Traditionally the UCD Pensions Office contacted employees in this group, 6 months in advance of their 65th birthday regarding retirement. This contact will now be made 6 months in advance of the 70th birthday. Employees who wish to remain past age 70, should follow the following steps:
- On confirmation that you are a new entrant, please complete the Extended Retirement Notification Form.doc. You are requested to complete this form 1 year in advance of your 70th birthday or on your 69th birthday. The form asks you to state your new expected retirement date and should be passed to your HoS/Unit for notification of your continued employment. When the HoS/Unit has signed the form, it should be returned to the HR Resourcing Manager, UCD HR.
- Continued Employment is subject to continuing satisfactory performance at the time.
- Resourcing will advise the Pensions Office of your new retirement date and issue you and your HoS/Unit with a letter of confirmation.
- The Pensions Office will contact you in advance of your new retirement date with your retirement figures.
Group D, as referenced in the table above, are unaffected by the legislation and already have a maximum retirement age of 70. Please refer to the Single Public Pension Scheme website for further information on the Single Scheme.