Retirement Options for ASTI Members

Please select your Pension Scheme below:

 

Secondary, Community & Comprehensive Teachers Superannuation Scheme


Education & Training Board Teachers Superannuation Scheme


Single Public Service Pension Scheme




Secondary, Community & Comprehensive Teachers Superannuation Scheme

Retirement Options

There are six ways to retire from teaching under this Pension Scheme. Remember, teachers who joined this Pension Schemes before 1st April 2004, and whose service has not been interrupted for a period greater than 26 weeks, are considered “original members” of the Scheme. Teachers who commenced teaching from 1st April 2004 (but before January 2013) are considered “new entrants” to the Scheme.

 

Compulsory Retirement:Original members of the Pension Scheme must retire by the end of the school year in which they reach 70 years of age. New entrants to the Pension Scheme have no compulsory retirement age and may continue to teach as long as they are medically fit to do so.
Retirement at 60/65Original members of the Pension Scheme may usually retire without penalty at any point from their 60th birthday based on their salary and pensionable service at their chosen date of retirement. This facility is available for new entrants to the Pension Scheme from their 65th birthday.
The 55/35 Scheme: This option is only available for original members of the Pension Scheme. Such teachers may retire from 55 years of age without penalty providing they have a minimum of 35 years of “actual teaching service” at their date of retirement. The Department of Education & Skills (DES) will include up to two additional years for teacher training when calculating “actual teaching service” and will also treat Job-sharing years as full years for service. Remember, this added service is only for the purposes of qualifying for the 55/35 Scheme and is not used to calculate pension benefits.
Cost Neutral Early Retirement (CNER)Available for original scheme members of the Pension Scheme from 50 years of age and from 55 for new entrants. This early release scheme enables teachers to retire even earlier but their pension benefits are actuarially reduced by up to forty percent for the rest of a retired teacher’s life.
Deferred Retirement: Teachers who resign from teaching at an early age, and have at least 2 years pensionable service, can opt to defer taking their pension benefits until age 60, if an original member of the Pension Scheme, or 65 for new entrants, and so avoid paying penalties for early retirement.
Medical Retirement:

Teachers under 60 (original members of the Pension Scheme) or 65 years of age (new entrants) whose illness or disability means they are “permanently unfit to return to teaching” may apply for retirement on medical grounds. If granted, pensionable service is enhanced by up to 6 and 2/3rds years and pension benefits are paid immediately without penalty. The continued payment of a pension to a teacher who has retired on medical grounds may be subject to medical review from time to time. In addition, teachers are not permitted to undertake comparable teaching work in retirement.

If you, or someone you know in your staffroom, may be a candidate for medical retirement please call the ASTI as soon as possible for advice. Our specialists can talk a teacher through the arrangements for long-term sick leave and options for medical retirement and assist, where necessary, in the preparation of an application for medical retirement.
More detailed information on medical retirement is available on the ASTI website here

 


Education & Training Board Teachers Superannuation Scheme

Retirement Options

There are six ways to retire from teaching under this Pension Scheme. Remember, teachers who joined this Pension Schemes before 1st April 2004, and whose service has not been interrupted for a period greater than 26 weeks, are considered “original members” of the Scheme. Teachers who commenced teaching from 1st April 2004 (but before January 2013) are considered “new entrants” to the Scheme.

Compulsory Retirement:Original members of the Pension Scheme must retire by the end of the school year in which they reach 70 years of age. New entrants to the Pension Scheme have no compulsory retirement age and may continue to teach as long as they are medically fit to do so.

Retirement at 60/65:
Original members of the Pension Scheme may usually retire without penalty at any point from their 60th birthday based on their salary and pensionable service at their chosen date of retirement. This facility is available for new entrants to the Pension Scheme from their 65th birthday.
The 55/35 Scheme:This option is only available for original members of the Pension Scheme. Such teachers may retire from 55 years of age without penalty providing they have a minimum of 35 years of “actual teaching service” at their date of retirement. Your Education & Training Board (ETB) will include up to two additional years for teacher training when calculating “actual teaching service” and will also treat Job-sharing years as full years for service. Remember, this added service is only for the purposes of qualifying for the 55/35 Scheme and is not used to calculate pension benefits.
Cost Neutral Early Retirement (CNER):Available for original scheme members of the Pension Scheme from 50 years of age and from 55 for new entrants. This early release scheme enables teachers to retire even earlier but their pension benefits are actuarially reduced by up to forty percent for the rest of a retired teacher’s life.
Deferred Retirement:Teachers who resign from teaching at an early age, and have at least 2 years pensionable service, can opt to defer taking their pension benefits until age 60, if an original member of the Pension Scheme, or 65 for new entrants, and so avoid paying penalties for early retirement.
Medical Retirement:Teachers under 60 (original members of the Pension Scheme) or 65 years of age (new entrants) whose illness or disability means they are “permanently unfit to return to teaching” may apply for retirement on medical grounds. If granted, pensionable service is enhanced by up to 6 and 2/3rds years and pension benefits are paid immediately without penalty. The continued payment of a pension to a teacher who has retired on medical grounds may be subject to medical review from time to time. In addition, teachers are not permitted to undertake comparable teaching work in retirement.

If you, or someone you know in your staffroom, may be a candidate for medical retirement please call the ASTI as soon as possible for advice. Our specialists can talk a teacher through the arrangements for long-term sick leave and options for medical retirement and assist, where necessary, in the preparation of an application for medical retirement.
More detailed information on medical retirement is available on the ASTI website here.

 

 


Single Public Service Pension Scheme


Retirement Options

There are four ways to retire from teaching under the Single Public Service Pension Scheme.

Ordinary Retirement:

The earliest that a member of the Pension Scheme can retire without penalties, other than on medical grounds, is on the day that they become entitled to the State Contributory Pension that is funded by their PRSI contributions. The table below illustrates these ages. A member of the Pension Scheme may, however, continue to teach beyond that date but must retire, at the latest, when they reach 70 years of age.

Scheme3RetirementOptions

Cost Neutral Early Retirement (CNER):CNER is available to members of the Pension Scheme from 55 years of age. This facility enables teachers to retire earlier than the age at which they become entitled to the State Contributory Pension, but their benefits from the Pension Scheme are actuarially reduced by up to 36 percent for the rest of a retired teacher’s life.
Deferred Retirement:Teachers who resign from teaching at an early age, and have at least 2 years pensionable service, can opt to defer taking their pension benefits until the age at which they are eligible to claim the State Contributory Pension, and so avoid paying penalties for early retirement.
Medical Retirement:Teachers whose illness or disability means they are “permanently unfit to return to teaching” may apply for retirement on medical grounds. If granted, pensionable benefits are enhanced by the provision of additional referable amounts to those already generated by a member during their teaching career to date, up to a maximum of 10 times the value of the most recent full year contributions.

The continued payment of a pension to a teacher who has retired on medical grounds may be subject to medical review from time to time. In addition, teachers are not permitted to undertake comparable teaching work in retirement.

If you, or someone you know in your staffroom, may be a candidate for medical retirement please call the ASTI as soon as possible for advice. Our specialists can talk a teacher through the arrangements for long-term sick leave and options for medical retirement and assist, where necessary, in the preparation of an application for medical retirement.

More detailed information on medical retirement is available here