Private Sector Occupational Pension Schemes
Private Sector Occupational Pension Schemes Coverage Voluntary insurance Employers are not obligated to offer a private sector occupational pension scheme, and whether membership of the schemes is vol
Ireland
The Irish Old Age Security System in 2020 By Elaine Dewhurst, University of Manchester 1 The evolution of pension provision in Ireland has followed a rather traditional trajectory with original provis
Personal Retirement Savings Account (PRSA)
Personal Retirement Savings Account (PRSA) Coverage Voluntary insurance Anyone can join a PRSA regardless of their employment or other status. A PRSA is a scheme which employers must provide mandatori
Retirement Annuity Contract (RAC)
Retirement Annuity Contract (RAC) Coverage Voluntary insurance RACs are generally available to all persons who have or have had, at some stage, ‘relevant earnings’ including non-pensionable employment
State Pension (Contributory)
State Pension (Contributory) Coverage Mandatory insurance All persons over the age of 16 who are working must pay PRSI. This includes all employees, whether full-time or part-time, earning EUR 38 or m
Complementary Schemes of Individual Initiative
Complementary Schemes of Individual Initiative Regimes complementares de iniciativa individual Coverage Voluntary participation All persons are eligible, depending on the acceptance by the management
Basic Income Support in Old Age
Basic Income Support in Old Age Coverage Special social assistance payments are available to anyone resident in Ireland who passes a means test, and is habitually resident in Ireland. Financing These
State Pension (Non-Contributory)
State Pension (Non-Contributory) Coverage This payment is available to anyone resident in Ireland who is of statutory retirement age, passes a means test, and is habitually resident in Ireland. Financ
General Social Security Scheme
General Social Security Scheme Regime geral da segurança social Coverage Mandatory insurance Employees and persons carrying out activities considered equal to those of employees for the purposes of so
Portugal
The Portuguese Old Age Security System in 2020 By João Carlos Loureiro, Institute for Legal Research (UCILeR) – Coimbra Despite the important 1919 legal framework on mandatory social insurance pension