ST Alpha - "I'm curious. What type of retirement benefits does the Irish government provide?" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Down to Post

Backboards:

Posts: 167

In response to "It's not a question of it being acceptable to me. you do whatever you want with your money, it's your baby. -- nm" by Loyola

I'm curious. What type of retirement benefits does the Irish government provide?

Posted by znufrii Nov 13 '08, 10:07

I would say Social Security provide about a third to half of what one would need for a decent retirement, and I might be over-estimating there. How does yours compare?

Responses:

I believe the Irish have the same kind of thing as a 401(k) but there it's called a Personal Retirement Savings Account -- (link) - Mr. Havens Nov 13, 10:10 1
- interesting, thanks! -- nm - znufrii Nov 13, 10:13
Nothing like yours. Although there's talk of some compulsory scheme coming down the line. -- nm - Loyola Nov 13, 10:09 8
- I see. so basically, you're on your own when it comes to retiring? fair enough. - znufrii Nov 13, 10:11 5
  - Well unless you go for a private pension, under the public scheme you get about $240 a week non contributory, and around $300 contributory. -- nm - Loyola Nov 13, 10:16
  - also, how prevalent are company pensions, still? -- nm - znufrii Nov 13, 10:14 3
    - I would estimate they're dropping in prevalence. -- nm - Loyola Nov 13, 10:17 2
      - I know they have been in decline here, for quite some time, as companies opt into offering 401(k) plans instead. -- nm - znufrii Nov 13, 10:21
      - Couldn't be sure though, might look it up as a matter of interest. -- nm - Loyola Nov 13, 10:18
- so, what do you have? -- nm - Andie - 41 shopping days till X-mas Nov 13, 10:09 1
  - Contributory, and non contributory schemes under the umbrella of PRSI but defined so as not to pass 4% I think at the moment of gross taxable salary. - Loyola Nov 13, 10:12

Post a message top

I'm curious. What type of retirement benefits does the Irish government provide?

Replies are disabled on threads older than 7 days.