1. How do I set up pensions for Ireland?
  2. An Introduction to Pensions for Ireland

1An Introduction to Pensions for Ireland

This playbook covers the set up and configuration of private pensions and public sector pensions for Ireland.

The element template for pensions enables you to have a combination of cash and percentage deductions for employees, employers, and additional contributions.

You need to select the pension category as either private or public sector for reporting purposes.

Note: The default value is Not Applicable, you must change this to set the appropriate value.

These pension arrangements are available for the private sector pensions:

  • Pan European Personal Pension Product
  • Payroll Related Savings Account
  • Additional Voluntary Contributions
  • Payroll Related Savings Account Additional Voluntary Contribution
  • Retirement Annuity Contract
  • Occupational Retirement Benefit Scheme

These pension arrangements are available for the public sector pensions:

  • Nonestablished Civil Servants

  • Post 1995 Contributory Scheme Established Civil Servants

    Pre1995 Noncontributory Scheme Established Civil Servants

  • Spouses' and Children Pension Scheme

  • Single Public Service Pension Scheme Faster Accrual

  • Single Public Service Pension Scheme Judiciary

  • Single Public Service Pension Scheme Standard Accrual

  • Public Service Added Years or Notional Service

  • Additional Voluntary Contributions
Note: All Public Sector employee contributions calculations are based on the rules relating to their respective legislation except Public Service Added Years or Notional Service, and Additional Voluntary Contributions. Although these are included in the public sector, their processing is the same as with the Private Sector types, where you can define the flat rate or a percentage.