What's the Irish State Pension Increase from 2023 to 2024?

In 2024, the maximum weekly rate for Ireland's State Pension (Contributory) is €277.30 — a €12 increase from 2023. 

The State Pension (Non-Contributory) also increased by €12 and is paid at a weekly rate of €266 for people aged 66 to 79.

As these are the maximum personal rates, the amount you receive may vary based on your social insurance contributions, age, and the type of State Pension you qualify for.

Keep reading to discover how much State Pension you might receive when you retire.

Further Reading:

• Curious if you can Claim Irish State Pension and Continue Working? Discover your options today.

• Are you familiar with Irish AVC Pension Schemes? See how they can boost your pension pot in Ireland.

How Much Has the State Pension Increased in Ireland from 2023 to 2024?

The Irish government announced in its Budget 2024 that the State Pension and other social welfare payments will increase by €12 per week from January 2024. 

Here’s a complete list of the 2024 State Pension rates. 

1. State Pension (Contributory) 

The State Pension (Contributory) is a weekly payment for people aged 66 and above who have paid enough Pay Related Social Insurance (PRSI) contributions.

The Department of Social Protection calculates your entitlements based on:

• Your yearly average PRSI contributions 

• The date on which you reach the State Pension age (currently 66)

Here’s a breakdown of the new State Pension (Contributory) rates for 2024:

A. If you qualify after 1st September 2012, with: 

• 48 or more yearly average contributions

  • Personal rate: €277.30

  • Increase for adult dependent (under 66): €184.70

  • Increase for adult dependent (over 66): €248.60

• 40 to 47 yearly average contributions

  • Personal rate: €271.90

  • Increase for adult dependent (under 66): €175.80

  • Increase for adult dependent (over 66): €236.10

• 30 to 39 yearly average contributions

  • Personal rate: €249.30

  • Increase for adult dependent (under 66): €167.20

  • Increase for adult dependent (over 66): €223.90

• 20 to 29 yearly average contributions

  • Personal rate: €236.10

  • Increase for adult dependent (under 66): €156.50

  • Increase for adult dependent (over 66): €210.70

• 15 to 19 yearly average contributions

  • Personal rate: €180.70

  • Increase for adult dependent (under 66): €120.40

  • Increase for adult dependent (over 66): €161.40

• 10 to 14 yearly average contributions

  • Personal rate: €110.80

  • Increase for adult dependent (under 66): €73.40

  • Increase for adult dependent (over 66): €99.90

B. If you qualify before 1st September 2012, with: 

• 48 or more yearly average contributions

  • Personal rate: €277.30

  • Increase for adult dependent (under 66): €184.70

  • Increase for adult dependent (over 66): €248.60

• 20 to 47 yearly average contributions

  • Personal rate: €271.90

  • Increase for adult dependent (under 66): €184.70

  • Increase for adult dependent (over 66): €248.60

• 15 to 19 yearly average contributions

  • Personal rate: €208

  • Increase for adult dependent (under 66): €138.60

  • Increase for adult dependent (above 66): €186.50

• 10 to 14 yearly average contributions

  • Personal rate: €138.70

  • Increase for adult dependent (under 66): €92.50

  • Increase for adult dependent (above 66): €124.20

Explore our State Pension (Contributory) guide to learn about the 2024 and 2025 pension updates, eligibility requirements, and how to apply. 

2. State Pension (Non-Contributory) 

The State Pension (Non-Contributory) is a means-tested payment made by the Department of Social Protection to people aged 66 or above who don’t qualify for the contributory pension.

Here are the rates of State Pension (Non-Contributory) in 2024:

• For people aged 66 to 79: €266

• For people aged 80 and above: €276

2 FAQs about Irish State Pensions 

We’ll answer some more questions about Ireland’s state pensions: 

1. What Am I Entitled to Receive if I Defer My Irish State Pension in 2024?

If you were born on or after January 1, 1958, and qualify for the maximum rate of State Pension (Contributory) in 2024, you can claim your pension anytime between the age of 66 and 70.

The pension entitlement you’ll get for each deferred year are:

• €290.30 at 67

• €304.80 at 68

• €320.30 at 69

• €337.20 at 70  

This comes after the government allowed Irish citizens to delay receiving their State Pension (Contributory) payments until they’re 70. 

If you defer your Irish State Pension, you can work past the pension age for higher entitlements.

Note: Those receiving the State Pension (Non-Contributory) can’t defer their State Pension. 

2. Are Irish Citizens Satisfied with the State Pension Increases for 2024?

The Irish government increased State Pension payments to boost living standards and improve the financial sustainability of Ireland's older people and long-term carers.

However, advocacy groups like Age Action weren’t satisfied by this increase, arguing that it should’ve increased by €30 to match the spending power lost due to the COVID-19  pandemic. 

Moreover, in 2024, Ireland’s average pension is €111,000, which is below 50% of the final salary recommended by financial experts for a comfortable retirement.

Boost Your Employees’ Pension with Kota 

The Irish government increased the State Pension and Social Welfare payment rates to address the rising cost of living and inflation. 

Yet, the current pension rates and one-off payments fail to support a comfortable retirement lifestyle, putting many retirees who rely on these pensions at risk of poverty.

Want to improve your employees’ retirement lives?

Use Kota.

With Kota, you can:

• Enrol your staff in compliant workplace pension schemes.

• Offer flexible health insurance and life assurance coverage to your employees. 

• Set up and manage all core employee benefits from one platform effortlessly. 

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