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The OECD's Reviews of Pension Systems: Ireland, [3] explains the structures of both the public and private pension systems. "The public pension system has two sets of flat-rate benefits: 1) a basic flat-rate benefit to all retirees that meet the contribution conditions, the State pension (contributory) or SPC and the State pension (transition) or SPT; and 2) a means-tested benefit to those ...
Universal payments (such as Child Benefit or Free Travel) which are not dependent on PRSI contributions or a means test. The department provides its services through a network of 126 Intreo Centres and Branch Offices throughout the State and, increasingly, through its Mywelfare.ie portal.
The State Pension (Non-Contributory) falls under the social assistance category. It provides payments to those over 66 who did not make enough payments for State Pension (Contributory). To be eligible, a pensioner must: be 66 years or older; not be on the State Pension (Contributory) pass a means and habitual residence test
Irish Life Assurance plc, commonly known as Irish Life, is an Irish life assurance and pensions company. Irish Life has been part of the Great-West Lifeco group of companies since 2013, when the Irish Government sold the business. [2]
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State Agencies or Non-Commercial State Agencies in Ireland are public sector bodies of the state that have a statutory obligation to perform specific tasks on behalf of the Government of Ireland. Such agencies are considered "arm's length" bodies as they are largely isolated from the workings of central government .
State-sponsored bodies may be organised as statutory corporations, meaning that they are officially non-profit and do not formally have shareholders, but have a board or other authority appointed by the sponsor Minister. Corporations of this type include: Córas Iompair Éireann (Irish Transport Company) Electricity Supply Board
The name is intended to be humorous. Many state agencies in Ireland have the words An Bord (meaning "The Board") in their title, such as Bord Iascaigh Mhara (the Irish Sea-Fisheries Board); "snip" refers to the cost-cutting remit of the group.