We have created a downloadable 2022 calendar showing the contributory benefits pay dates.
Pension payments from the Department of Social Security are paid in advance, every four weeks. This totals to thirteen payments per year, for the rest of a person’s life.
Pension payments include the cost-of-living bonus (CLBO) and the additional bonus (SPBO, also known as the special weekly bonus). While employees receive their SPBO bonus in March and September, retirees are entitled to two-thirds of this bonus which is issued with each pension payment, every four weeks, amounting to €3.12 a week and €12.48 every four weeks.
Pension payments made in June and December include €135.10 bonus, known as six monthly bonuses (6MBO).
For new claims, the first pension payment differs from the rest. It would include a part payment from date of award (the day following your retirement day) up to pension payday and four weeks in advance. (and a further four weeks in advance)
It is important to submit your State Pension application, whether online or as a completed hard copy application within six (6) months of your retirement date to avoid possible loss of payment. Pension payment would be effected once the application is received and processed by the Department of Social Security staff.
In late submissions, if more than six (6) months elapse, the first pension payment would be awarded with effect from received date of application.
Payments are deposited into your bank account on Saturdays by direct credit. In the case of a garnishee order (sekwestru), you would be requested to provide certain documents as proof and the payment method would be changed from direct credit to cheque.
Should you decide to change bank and bank account number, you would need to present the new data (IBAN) at your nearest servizz.gov hub.
No two benefits can be issued for the same beneficiary. If a person is in receipt of an Invalidity Pension and submits his State Pension application, the beneficiary will receive the one which is most beneficial to him or her.