Single Scheme Estimator Tool

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The Updated Single Scheme Estimator Tool is now available on our Single Scheme Website.

The Single Scheme Estimator Tool is a spreadsheet-based calculator designed to give active Single Scheme members a broad indication of the level of retirement benefits that they may be eligible to receive on reaching their Normal Retirement Age. Because Single Scheme benefits build up every time a member gets paid, it is not possible to provide a precise forecast of your retirement benefits.

To be eligible to receive a retirement benefit under the Scheme, a member must have paid into the Scheme for 24 months or more.

The updated Estimator Tool has been designed to provide a more accurate forecast than the previous tool. As a result, the Estimator now requires additional information that is provided to members in their Annual Benefit Statements. This information includes:

  • Lump Sum Referable Amounts Earned prior to the most recent year
  • Lump Sum Referable Amounts Earned in the most recent year
  • Pension Referable Amounts Earned prior to the most recent year
  • Pension Referable Amounts Earned in the most recent year

The tool provides Single Scheme members in the following category types with a broad estimate of their retirement benefits at the relevant Normal Retirement Age:

  • Standard Accrual members
  • Fast Accrual (Uniformed) members
  • Retained Fire-Fighters
  • Members of the Judiciary

As always, the Estimator is based on a number of underlying assumptions and users should read and note the disclaimer and assumptions.

The Estimator is not suitable for members of the Oireachtas, the President; the Comptroller and Auditor General and other qualifying and designated office holders;

You should read the appropriate “Estimator Tool – At A Glance Guide” before using the Estimator Tool

If you have any queries in relation to the Estimator Tool, please email singleschemequeries@per.gov.ie