Can I ARF (Approved Retirement Fund)?

The ARF facility has now been extended to all members of DC arrangements. This means that DC members (who are not proprietary directors) will no longer be obliged to buy annuities on retirement. However, members will only be able to invest in an ARF if they have a guaranteed pension income for life of a least €12,700 per annum (including the State Pension).

If a member does not satisfy this income requirement then an amount €63,500 must first be invested in an Approved Minimum Retirement Fund (where withdrawal of the capital originally invested is not permitted until age 75) and only the balance may be transferred to an ARF.

We recommend our Members take investment advice when considering investment choices. The CERS Trustee preferred financial adviser is Milestone Advisory DAC. You can contact the Milestone Team team or your own financial adviser to assist you to review your investment choices. Milestone Advisory DAC can be contacted via the website (, by post, Linden House, 4 Clonskeagh Square, Clonskeagh, Dublin 14, D14 FH90 or by email (

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