Cost Neutral Early Retirement is a retirement option that allows teachers, special needs assistants, certain caretakers and 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.
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.
Pensions members who are members of Single Public Service Pension Scheme can obtain information here .
Once you receive the Cost Neutral Early Retirement pension, you cannot subsequently switch to payment of a preserved pension.
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 P3 CNER)
Download
Return to:
Pensions Unit
Address:
Department of Education, Pensions Unit, Cornamaddy
, Athlone
, N37 X659
Email:
Phone number:
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 3)
Download
Return to:
Pensions Unit
Address:
Department of Education, Pensions Unit, Cornamaddy
, Athlone
, N37 X659
Email:
Phone number:
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
