Pensions | Pre 2013
Pensions Pre 2013
I joined DCU before 2013
If you joined DCU before 1 January 2013, you're part of the Superannuation Scheme, a ‘pay as you go’ scheme. It’s a defined benefit scheme, which means superannuation awards (your pension payments in retirement) are based on your years of service and final salary.
Your awards are also based on when you joined the public service:
- Before 6 April 1995: see specific information about your scheme in Explanatory Booklet 1.
- After 6 April 1995 and before 1 April 2004: see specific information about your scheme in Explanatory Booklet 2.
- On or after 1 April 2004: see specific information about your scheme in Explanatory Booklet 3.
If you die in service or after qualifying for a pension or preserved pension, the DCU Survivor and Children's Scheme will give a pension to your surviving partner and/or dependent children. (A preserved pension is one that is held for someone after they have stopped working at DCU and stopped contributing to their pension.)
Want more information about your public service pension scheme?
As a class D PRSI non-new entrant, you contribute both:
- 5% of your gross pensionable salary to your main scheme
- 1.5% of your gross pensionable salary for spouse and children’s pension.
As a class A PRSI non-new entrant, you make all these contributions:
- 1.5% of your gross pensionable salary to your main scheme
- 3.5% of your net pensionable salary* to your main scheme
- 1.5% of your pensionable salary for spouse and children’s pension.
As a class A PRSI new entrant, you make all these contributions:
- 1.5% of your gross pensionable salary to your main scheme
- 3.5% of your net pensionable salary* to your main scheme
- 1.5% of pensionable salary for spouse and children’s pension.
The Pension Levy that came into effect on 1 March 2009 has since been renamed as the Additional Superannuation Contribution (ASC), a tax payable by public sector employees.
Find out more about ASCs from DCU Finance. See the Department of Public Expenditure and Reform website for further information.