7. Amendment to section 2A of Act of 2010
Section 2A of the Act of 2010 is amended -
(a) by the substitution of the following subsection for subsection (3):
"(3) The annualised amount of a public service pension payable in accordance with his or her entitlement to a person who is a relevant (post 29 February 2012) pensioner shall be reduced -
(a) with effect on and from 1 January 2016 and subject to paragraphs (b) and (c), in accordance with Table A to this subsection,
(b) with effect on and from 1 January 2017 and subject to paragraph (c), in accordance with Table B to this subsection, and
(c) with effect on and from 1 January 2018 in accordance with Table C to this subsection.
TABLE A
|
Annualised amount of public service pension |
Reduction |
|---|---|
|
Up to €29,300 |
Exempt |
|
Any amount over €29,300 but not over €60,000 |
3 per cent |
|
Any amount over €60,000 but not over €100,000 |
5 per cent |
|
Any amount over €100,000 |
8 per cent |
TABLE B
|
Annualised amount of public service pension |
Reduction |
|---|