Notional Service

There is a Notional Service scheme that staff members who do not have a full pension at retirement to purchase additional years to make up the difference. 
 
There are limitations on the amount of service that can be purchased.
 

Actual Reckonable service (including transferred service & purchased actual service, but excluding purchased notional and notional added years) which the member would have if they remained in service until age 65	Maximum service which can be purchased
20 years or more	Difference between 40 years and reckonable service by age 65
19 years	17 years
18 years	15 years
17 years	13 years
16 years	11 years
15 years	9 years
14 years	7 years
13 years	5 years
12 years	4 years
11 years	3 years
10 years	2 years
9 years	1 year

 
The limits above are subject to the overriding restriction that the amount of service which is reckonable plus the notional service being purchased does not exceed 40 years.
 
Contribution rates vary by reference to age, PRSI class and on scheme membership.
 
For a detailed estimate of the cost or purchasing notional service, please e-mail pensions@cdetb.ie