Annette Bordeaux

What is the State Pension?

The State Pension in Ireland is a retirement income system that provides retired citizens with a regular income. The system is based on the principle of equalization, which means that everyone who has contributed to the system for at least 10 years will receive the same pension regardless of their age or salary when they retire.

The State Pension in Ireland is calculated based on a person’s final salary and number of years of service. A full state pension is payable at the age of 65, provided you have paid into the system for at least ten years. If you have less than ten years’ service, your state pension will be reduced according to a formula that takes account of your salary and years of service.