Advertisement for Policy Development Officer

The Pensions Board is the statutory body responsible for regulating occupational pension schemes and personal retirement savings accounts in Ireland, and for advising the Minister for Social and Family Affairs on pension matters in general.

A vacancy has arisen for a one year fixed term contract position for the post of Policy Development Officer.

The Role
This senior temporary role involves providing advice on technical and policy related matters, preparing policy papers and formulating policy proposals on the development and regulation of pensions and related issues. The individual will represent the Board with external parties including Government and representative organisations.

The Person
In order to be able to contribute at a high level immediately upon joining the Board, a successful candidate will need to display that they have;

  • an appreciation of the broader socio-economic environment
  • strong analytical and communication skills, both written and verbal
  • experience of preparation of policy advice and proposals in a relevant work environment
  • the ability to work well under pressure and
  • negotiating skills.

An understanding of pension issues is highly desirable but not essential. You should be flexible, able to provide policy advice and proposals to tight deadlines, and have a commitment to quality results.

This one year temporary appointment based in Dublin, is at Assistant Principal Officer Level which has a salary of €67,960 per annum.

Full details of the post and remuneration package are available from www.pensionsboard.ie

Interested candidates should submit their full career details, stating how they meet the requirements for this position to:

Gregory Whelan
The Pensions Board
Verschoyle House
28 -30 Lower Mount Street
Dublin 2

Applications and requests for further information can be sent to: careers@pensionsboard.ie

The closing date for applications is Friday 18 April 2008.

 
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Pensions Board - Engage with your Pension

About the Pension’s Calculator

  • This pension’s calculator is designed to give a broad indication of the level of contributions required to give your desired pension at your retirement age. This calculator only provides a sample indication of the funding contributions for your pension and no reliance should be placed on it.
  • This calculator does not take into account any contributions an employer might make to your pension.
  • Do you know that contributions paid to a pension scheme will benefit from income tax relief at your highest rate of income tax? This calculator takes into account current income tax relief benefits.
  • For a full and accurate assessment of your personal finances and any tax relief you may be entitled to on your pension contributions always consult with a professional financial adviser

The next step is to talk to your employer, trade union, bank, insurance company, building society or financial advisor about starting your pension today.

Pension Calculator Notes:
  1. Assumptions used: Investment return will be 5% per year before retirement and 4% per year after retirement. Salary will increase at 3% per year. Pension will increase at 2% per year in retirement. The State Pension will increase in line with salary increases. Spouse's annuity assumes a 3 year age gap between the Main Life and Spouse. Your personal illustration above makes an approximate allowance for the recently introduced Pensions Levy (i.e. 0.6% of your Fund Value) until 2014 or your intended retirement year if earlier.
  2. Contribution amounts shown will increase each year as salary increases.
  3. The actual pension at retirement will depend on actual investment return and salary inflation up to retirement and on the cost of purchasing annuities at retirement.
  4. Tax relief calculations take account of age related limits on tax relief in any given year as prescribed by the Revenue. Your financial advisor will be able to help you to stay within your limits. The maximum tax relief as a % of earnings are as follows:
         Under 30: 15%
         30 to 39: 20%
         40 to 49: 25%
         50 to 54: 30%
         55 to 59: 35%
         60 and over: 40%
  5. Contributions or benefits may exceed limits prescribed by the Revenue. Your financial advisor will be able to help you to stay within your limits. Budget 2011, introduced a Standard Fund Threshold (SFT) of €2.3 million. Individuals with pension funds in excess of this value as at 7 December 2010 may apply for a Personal Fund Threshold(PFT). When the capital value of pension benefits drawn down by an individual exceed his or her SFT or PFT as appropriate, a tax charge of 41% is applied to the excess fund.
  6. In these net contribution calculations, PAYE & single persons tax reliefs and single persons tax bands are assumed. It is also assumed that no other tax reliefs apply.
  7. The annuity rate used to convert your pension fund at retirement age is a long term average annuity rate, which makes no allowance for the recent gender equalisation ruling. The annuity rate used in your personal illustration above will be shown when you run the calculator.
  8. This calculator takes account of the fact that the State Pension (Transition) will no longer be paid from 1 January 2014. This means that there will then be a standard State Pension age of 66 years for everyone. If you have qualified for the State Pension Transition before 1 January 2014 you remain entitled to it for the duration of your claim (1 year). State pension age will increase to 67 in 2021 and to 68 in 2028