#pension

#pension

Whenever I hear about someone getting a pension from their job, I'll admit - I feel a little jealous. Other than Social Security, every dollar I'll have in retirement is money I'll have to save on my own. Of course, that's the reality for most workers today. Private-sector pensions have mostly disappeared, replaced by 401(k) plans that put the burden of saving squarely on employees. If you're lucky, your company might chip in with a match.

To qualify for the contributory state pension, you generally need at least 520 full-rate paid PRSI contributions, equivalent to 10 years' worth of paid work.