The Department of Education and Skills is pleased to announce that a Pensions Modeller is now available for school staff who receive salary directly from this Department and are in membership of a pension scheme (subject to certain limitations which are detailed on the Modeller application).
As school staff it will allow you to get an estimate of your potential retirement benefits based on the salary and service details you enter. The Modeller can estimate:
- pension benefits at retirement age
- preserved benefits (payable at retirement age) if you resign your post before reaching retirement age.
- Cost Neutral Early Retirement benefits payable before retirement age
The Modeller can also determine if you have insufficient service to retire on a proposed date. An Irish language version of the Modeller is available.
Given the complexities of pension calculations, the Modeller is not capable of calculating all types of pensions which are payable by this Department. However we hope it will be a useful tool in assisting you as you review your pension entitlements. It is best suited to staff who have large blocks of uninterrupted service and cannot calculate ill health retirement, notional service or part time credit.
We encourage you to use the Modeller and we welcome your feedback.
Please email your feedback to firstname.lastname@example.org with “Modeller Feedback” in the subject line.