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Publication

Public Service Pension Reduction (PSPR)

Published: 12 March 2019
From: Department of Public Expenditure and Reform

The Public Service Pension Reduction is an income–graduated reduction applied to public service pensions in excess of specified thresholds. The Public Service Pension Reduction came into effect on 1 January 2011 and has subsequently been amended on a number of occasions, most recently by the Public Service Pay and Pensions Act 2017.

Public Service Pension Reduction (PSPR)

A three-stage partial reversal of the Public Service Pension Reduction, occurring in the years 2016, 2017 and 2018, was provided for in the Financial Emergency Measures in the Public Interest Act 2015. The Public Service Pension Reduction was further amended by the Public Service Pay and Pensions Act 2017 which provides for further significant lessening in the years 2019 and 2020.

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