Ireland - Module 1 Intro to Ire Pesion

What are the sources of Retirement Income

• State, PRSI, Occupational Pension Scheme and Public sector

• State, Personal, Occupational Pension Scheme and Private

• State, Personal, Occupational Pension Scheme and Public sector

• State, PRSA, Occupational Pension Scheme and Public sector

Factors used to calculate benefits in a Defined Benefit scheme are

• Pensionable Service, Final Pensionable Salary and Accrual Rate

• Pensionable Service, Pensionable Salary and Accrual Rate

• Final Service, Final Pensionable Salary and Accrual Rate

Statutory and Non Statutory are two types of State Pension. True or False

• True

• False

Unit x Unit Price = tax free cash. True or False

• True

• False

The limit of tax free cash is limited to

• 12,700

• 200,000

• 115,000

• 12,000

The maximum amount of contribution a member can make is age based. However, there is a ceiling limit which is ?

• 12,700

• 115,000

• 200,000

• 12,000

Mr. Javed has a pensionable service of 20y3m, with a final pensionable service of 35750 Euros and an accrual rate of 80th. Calculate his benefit?

• 9049.22

• 9049.21

• 9123.70

• 9123.69

Ms. Aastha has 2500 units with a unit price of 25 each. Annuity rate is 13.25. Calculate annuity for Aastha

• 4716.98

• 188.68

• 188.69

• 4716.99

PRSI - Personal Retirement Savings Insurance. True or False

• True

• False

If a member makes Additional Voluntary contributions in a DC scheme, the benefits from it are guaranteed. True or False

• True

• False