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Its now easier to take a career break without losing your state

first_img By Cliodhna Russell Monday 6 Feb 2017, 3:26 PM 13 Comments http://jrnl.ie/3225557 Image: Shutterstock/soft_light Feb 6th 2017, 3:26 PM Short URL Share23 Tweet Email6 center_img Voluntary contributions allow you to prevent this from happening. I am making it easier to make these voluntary contributions by given people up to five years to decide to do so instead of just one.He added, “The main beneficiaries will be self-employed people who have a bad year or a few bad years and don’t pay PRSI in those years, people who take early retirement who might otherwise have their state pensions reduced, people who go overseas for a few years and do not pay into an equivalent system, people who retire early due to ill-health, and also parents who decide to stay at home.”Read: Leo Varadkar is the first minister to say Trump shouldn’t be invited to Ireland> Image: Shutterstock/soft_light THE PRSI SYSTEM is being reformed to make it easier for people to take a career break without losing their state pension entitlements.The reforms, which will make it easier to make voluntary contributions under the PRSI system, will also benefit self-employed people, those who move abroad temporarily and people who take early retirement.Speaking about the measure, Minister for Social Protection Leo Varadkar said: “At the moment, if you pay into the PRSI system for long enough, you become entitled to certain benefits without having to pass a means-test.“These include the State Pension Contributory when you reach 66 and the Widows/Survivors Pension for your partner if you die before the age of 66.”However Varadkar explained how you can lose this entitlement or have it reduced if you leave work and stop paying PRSI for a number of years. 24,338 Views It’s now easier to take a career break without losing your state pension entitlements People will now have five years to decide if they want to pay voluntary contributions. Tweet thisShare on FacebookEmail this articlelast_img read more