How new State pension calculations should particularly benefit Irish women

Move from yearly average contributions to total contributions a fairer and more transparent method, pension expert says

By 2035, only the total contributions approach will be used to determine the rate of the State pension for an individual.

Changes to the State's contributory pension entitlement make it a fairer and more transparent system, particularly for women, financial planning experts have said.

Up until the end of 2024, a person’s State pension was calculated using two methods — the yearly average and the total contributions approach.