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.

The Trustee recommends that members should take financial advice when considering their options at retirement.  The CERS Trustee preferred Financial Adviser is Milestone Advisory DAC.  You can contact them or your own financial adviser to assist you to review your options at retirement.  You can contact Milestone Advisory DAC at Canal House, Canal Road, Dublin 6, at   or call them on 01 4068020. Their website is .

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