Occupational Pension Scheme

Sample Maximum Contribution Rates, as % of Salary

Male

Retirement Age

Female

Retirement Age

Current Age

60

65

Current Age

60

65

30

72%

54%

30

67%

49%

35

86%

63%

35

80%

58%

40

108%

76%

40

100%

69%

45

144%

95%

45

133%

86%

50

216%

126%

50

200%

115%

55

432%

189%

55

400%

173%

The table assumes that the member is married with at least 10 years service at retirement. Existing pension benefits are not included in the above rates. These rates are calculated using current Capitalisation Factors published by the Revenue Commissioners. Member’s total pension fund is restricted to €2 million (Standard Fund Treshold).

Date Posted: 6 December 2019