Cost Neutral Early Retirement is a retirement option that allows
- teachers
- special needs assistants
- certain caretakers
- certain clerical officers
to retire early with immediate payment of pension benefits.
The pension and lump sum payments are subject to actuarial reduction to take account of the early payment of lump sum and the longer period over which pension will be paid.
Once you receive the Cost Neutral Early Retirement pension, you cannot subsequently switch to payment of a preserved pension.
To be eligible to apply for Cost Neutral Early Retirement a scheme member must:
- be a serving member of the relevant teachers pension scheme
- have an entitlement to a preserved pension benefit at age 60 or 65, and
- at the time of application, be aged at least 50, or in the case of a new entrant , at least 55.
If you are a member of Single Public Service Pension Scheme please see Public Service Single Pension Scheme.
To apply for the Cost Neutral Early Retirement scheme, please see:
Cost Neutral Early Retirement Information Leaflet for Teachers
Information to assist in completion of Cost Neutral Early Retirement Application Form
Download
Cost Neutral Early Retirement Application Form for Teachers
To be completed by Teacher who wishes to avail of Cost Neutral Early Retirement Form (Form RET1)
DownloadReturn your completed application to:
Pensions Unit, Department of Education, Cornamaddy, Athlone, Co Westmeath, N37X659
To apply for Cost Neutral Early Retirement Scheme, please see:
Cost Neutral Early Retirement Information Leaflet for Non-Teaching Staff
Information to assist in completion of Cost Neutral Early Retirement Application Form
Download
Cost Neutral Early Retirement Application Form for Non-Teaching Staff
To be completed by member who wishes to avail of Cost Neutral Early Retirement (Form NTS 1)
DownloadReturn your completed application to:
Pensions Unit, Department of Education, Cornamaddy, Athlone, Co Westmeath, N37X659
Examples of Cost Neutral Early Retirement for Teachers
Pension Lump Sum Examples for Teachers
Download
Examples of Cost Neutral Early Retirement for Non-Teaching Staff
Pension Lump Sum Examples for Non-Teaching Staff
Download