Retirement Planning - Ireland: State Pension and PRSAs

For employees in Ireland who want to understand their retirement options and plan ahead.

Format
Live online or in person
Length
30 minutes to full day
Topic
Financial Wellbeing
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About this session

Retirement planning in Ireland now spans several systems.

An employee may build State Pension rights through PRSI, participate in an occupational defined benefit or defined contribution scheme, hold a PRSA, make AVCs, participate in MyFutureFund, or accumulate retirement resources through more than one arrangement over a working life.

This session starts with the State Pension record.

Participants learn how to review a Contribution Statement, distinguish paid and credited contributions, understand the transition toward the Total Contributions Approach, and see why State Pension age, contribution history, caring periods and claim timing are separate questions.

The session explains flexible State Pension (Contributory) claiming between ages 66 and 70 without turning that flexibility into a recommendation to claim earlier or later.

Participants then move into occupational pensions, PRSAs and MyFutureFund.

They distinguish defined benefit from defined contribution arrangements, Standard from non-Standard PRSAs, ordinary scheme contributions from AVCs, and workplace pension saving from the new automatic-enrollment system.

The final stage brings the pieces together through pension preservation, transfers, retirement benefit options, ARFs, annuities, cross-border questions and a practical Ireland Retirement Review Checklist.

What your people take away

  • Understand how PRSI records and the State Pension (Contributory) fit into retirement planning
  • Review a Contribution Statement and identify paid, credited and caring-related pension-record questions
  • Distinguish occupational pensions, PRSAs and MyFutureFund and understand the role each can play
  • Understand pension preservation, transfer and retirement-benefit options without receiving a product recommendation
  • Build a repeatable Ireland Retirement Review Checklist covering State and private retirement resources

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  • What each length covers, 30 minutes to full day
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What each length covers

30 minutes

30 Minutes — Key Points: Understand Your State Pension & PRSI Record

A focused 30-minute session on three key points from Understand Your State Pension & PRSI Record: start with the PRSI record behind the State Pension, distinguish contributory from non-contributory State Pension and understand the move toward the Total Contributions Approach.

  • Start with the PRSI record behind the State Pension
  • Distinguish contributory from non-contributory State Pension
  • Understand the move toward the Total Contributions Approach

Covers 3 of 4 points in Understand Your State Pension & PRSI Record.

60 minutes

60 Minutes — Module 1: Understand Your State Pension & PRSI Record

Start with Ireland's public retirement foundation. Participants distinguish State Pension (Contributory) from State Pension (Non-contributory), review the purpose of a Contribution Statement, identify paid, credited and caring-related contribution information, and understand why State Pension entitlement and claim timing should be checked before retirement rather than assumed.

  • Module 1: Understand Your State Pension & PRSI Record
  • Ireland Retirement System Map
  • State Pension Contributory vs Non-Contributory
  • Contribution Statement Decoder
  • PRSI, Credits & Caring Periods
  • State Pension Information Checklist
  • Live Q&A

Covers 1 of 4 parts: Understand Your State Pension & PRSI Record.

90 minutes

90 Minutes — Modules 1 and 2: Understand State Pension, Workplace Pensions & PRSAs

Build on State Pension literacy with Ireland's private retirement structures. Participants distinguish defined benefit and defined contribution occupational pensions, understand PRSAs and the difference between Standard and non-Standard PRSAs, and position MyFutureFund alongside existing workplace retirement arrangements without being told which pension structure they should choose.

  • Module 1: Understand Your State Pension & PRSI Record
  • Module 2: Understand Occupational Pensions, PRSAs & MyFutureFund
  • DB vs DC Pension Explainer
  • PRSA Structure & Portability
  • Standard vs non-Standard PRSA
  • MyFutureFund in the Ireland Retirement Map
  • Live Q&A

Covers 2 of 4 parts: Understand Your State Pension & PRSI Record and Understand Occupational Pensions, PRSAs & MyFutureFund.

3 hours

Covers 3 of 4 parts: Understand Your State Pension & PRSI Record, Understand Occupational Pensions, PRSAs & MyFutureFund and Review Contributions, Costs, Investments & Portability.

Full day

Full Day — Complete Ireland State Pension & PRSA Workshop

Explore all four modules with time for State Pension record review, occupational pension and PRSA comparison, MyFutureFund education, pension contribution and investment-information exercises, preservation and transfer scenarios, and retirement-income planning. Participants leave with an Ireland Retirement Review Checklist rather than a prescribed claim age, pension contribution, investment strategy, transfer, or retirement product.

  • Module 1: Understand Your State Pension & PRSI Record
  • Module 2: Understand Occupational Pensions, PRSAs & MyFutureFund
  • Module 3: Review Contributions, Costs, Investments & Portability
  • Module 4: Prepare for Retirement Income & Ongoing Review
  • Contribution Statement review exercise
  • State Pension calculation-concept exercise
  • Occupational pension and PRSA comparison
  • MyFutureFund role and participation framework
  • Pension preservation and transfer scenarios
  • ARF / annuity / retirement-option education
  • Ireland Retirement Review Checklist
  • Live Q&A

Covers all 4 parts.

Also available as a 4-week or 8-week program, for change that lasts. Ask us about it.

What’s covered

Understand Your State Pension & PRSI Record

Every length
  • Start with the PRSI record behind the State PensionParticipants learn that State Pension (Contributory) is built from the relevant Irish social-insurance record rather than from a personal investment account.
  • Distinguish contributory from non-contributory State PensionState Pension (Contributory) is based on qualifying social-insurance history and is not means tested, while State Pension (Non-contributory) is a separate means-tested public payment.
  • Understand the move toward the Total Contributions ApproachParticipants learn why Ireland is progressively replacing the Yearly Average calculation with the Total Contributions Approach and why the relevant transition method depends on the year the pension is claimed.
  • Understand flexible claiming without searching for one best ageEligible people can currently choose a State Pension (Contributory) start date between ages 66 and 70, with additional PRSI and actuarial increases potentially affecting the outcome.

Understand Occupational Pensions, PRSAs & MyFutureFund

90 minutes and longer
  • Distinguish defined benefit from defined contributionParticipants compare occupational defined benefit and defined contribution schemes.
  • Understand PRSAs as personally owned retirement accountsParticipants learn that a PRSA is an individual defined-contribution pension arrangement that can generally move with the individual across employment changes.
  • Place MyFutureFund in the retirement systemParticipants learn that MyFutureFund is Ireland's automatic-enrollment retirement savings system, introduced in 2026 for eligible employees without qualifying supplementary pension coverage through payroll.
  • Know where AVCs & additional pension saving fitParticipants distinguish ordinary scheme contributions from Additional Voluntary Contributions and understand that a PRSA can also be used for AVC purposes in relevant circumstances.

Review Contributions, Costs, Investments & Portability

3 hours and longer
  • Read contributions before assuming what the employer providesParticipants learn to identify employee contributions, employer contributions, AVCs, PRSA contributions and MyFutureFund contributions from the correct statement or payroll source.
  • Compare costs & investment information consistentlyParticipants review charges, investment options, fund objectives, risk and longer-term performance information in DC pensions and PRSAs.
  • Understand preservation before thinking about transferParticipants learn that leaving an employer does not automatically erase occupational pension rights and that qualifying benefits can remain preserved in the former scheme.
  • Review investment risk as retirement approachesParticipants learn why investment time horizon, volatility, charges and retirement timing can matter for DC pensions, PRSAs and MyFutureFund.

Prepare for Retirement Income & Ongoing Review

Full day only
  • Bring State & private pensions into one retirement-income mapParticipants map potential income from State Pension, occupational pensions, PRSAs, MyFutureFund and other retirement resources.
  • Understand private-pension retirement optionsParticipants are introduced to the retirement choices that can arise from occupational pensions and PRSAs, including permitted lump sums, pension or annuity income, Approved Retirement Funds and taxable lump-sum options where applicable.
  • Connect longevity, inflation, healthcare & dependantsRetirement can last decades, so participants consider inflation, longevity, healthcare costs, housing, family support, dependants, beneficiaries and estate questions as review factors.
  • Build the Ireland Retirement Review & claim timelineParticipants create a repeatable review covering the Contribution Statement, State Pension claim preparation, occupational pension statements, PRSA information, MyFutureFund, preserved benefits, beneficiaries, retirement-income options and cross-border questions.
Live Q&ATime for your people’s questions, answered by the expert.
60 minutes and longer

Tools and materials

  • Ireland Retirement System Map
  • Ireland Retirement Terminology Guide
  • Contribution Statement Decoder
  • PRSI Record Review
  • Missing Contribution Questions
  • State Pension Calculation Framework
  • TCA Transition Explainer
  • Flexible State Pension Claiming Questions
  • Caring Contributions & Credits Guide
  • Ireland Pension Arrangement Matrix
  • DB vs DC Pension Explainer
  • Standard vs non-Standard PRSA Guide
  • PRSA Structure & Portability Guide
  • MyFutureFund Retirement Savings Map
  • Pension Contribution Types Map

How booking works

  1. Book online. Create a free Workbliss profile, then pay with session credits, by card or by invoice.
  2. Pick a date. Choose a date at least 14 days ahead, or book now and set the date later.
  3. Choose your expert. Within 3 working days, we send you profiles of the experts available for your date.
  4. We deliver it. Your expert is briefed on your people and goals, then runs the session live online or at your site.

Questions about Retirement Planning - Ireland: State Pension and PRSAs

How long is Retirement Planning - Ireland: State Pension and PRSAs?

Retirement Planning - Ireland: State Pension and PRSAs runs as 30 minutes, 60 minutes, 90 minutes, 3 hours or full day. You choose the length when you book. A 30-minute session covers three key points from Understand Your State Pension & PRSI Record: start with the PRSI record behind the State Pension, distinguish contributory from non-contributory State Pension and understand the move toward the Total Contributions Approach. A 60-minute session covers Understand Your State Pension & PRSI Record in full, with a live Q&A. A 90-minute session adds Understand Occupational Pensions, PRSAs & MyFutureFund. A 3-hour session adds Review Contributions, Costs, Investments & Portability. A full-day session adds Prepare for Retirement Income & Ongoing Review. It is also available as a 4-week or 8-week program.

Can Retirement Planning - Ireland: State Pension and PRSAs be delivered online or in person?

Yes, both. It runs live online, so every office can join at the same time, or in person at your site, in any country.

How do we book Retirement Planning - Ireland: State Pension and PRSAs?

Create a free Workbliss profile with your work email, then open Retirement Planning - Ireland: State Pension and PRSAs to see the price for each length and book it. You can pay with session credits, by card or by invoice, and choose a date at least 14 days ahead, or set it later.

Who leads the session?

A vetted Workbliss expert, briefed on your people, culture and goals before the session. After you book, we send you profiles of the experts available for your date within 3 working days, so you can choose who leads it.

Can it be tailored to our company?

Yes. Every session is shaped around your goals, your people and the benefits you already offer, and delivered by experts in your people’s languages.

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