Under the provisions of the Agreement, contributions paid in Switzerland can help to satisfy the PRSI qualifying conditions for Irish benefit payments.
For example, someone who began their working life in Ireland and had 5 years insurance contributions and then went to work in Switzerland, may now qualify for a pro-rata pension under this Agreement.
Once the PRSI qualifying conditions are satisfied, a formula (see below) is used in order to work out the rate payable for:
- Invalidity Pension
- Old Age (Contributory) Pension
- Retirement Pension
- Widow's and Widower's (Contributory) Pension.
Formula
|
All Irish insurance
All insurance in lreland
& Switzerland combined
|
X
|
Rate of pension payable
if all your insurance was
Irish.
|
Orphan's (Contributory) Allowance
Once entitlement to an Orphan's (Contributory) Allowance has been decided either using Irish contributions only or by a combination of Irish and Swiss contributions, the full rate of Orphan's (Contributory) Allowance is payable.