Subject to the terms of Circular 12/09 and management approval, a civil servant may retire aged 50 or over with immediate pension without actuarial reduction. 10% of the Lump Sum will be paid on retirement with the balance payable at preserved pension age (60 or 65)

Guide to using the Pensions Modellers to estimate benefits under the Scheme

•  After you have clicked on the Modeller link and have read the disclaimer and agreed, you are asked to select your scheme category, for example, if you started in the Civil Service before 6 April 1995 and are on modified PRSI, select category 1.

• Enter your service details etc and select “Benefit Statement”

• From the drop down list, select “Preserved Benefit”

• Select the date at which you expect to leave the service

• A Benefit Statement will appear. The pension figures should correspond to what you would get if you left under the ISER Scheme. 10% of the Lump Sum figure will be paid on leaving and the balance at the preserved pension age.

If you are not a civil servant, you should select the scheme category which is closest to your scheme terms but if your terms differ significantly the Modeller may not produce the correct figures for you.

You should make no definitive decision on retirement without getting a written estimate of benefits from your personnel unit – you are entitled to this information under the Pensions Act.