A public servant with a full 40 years of service will retire on an annual pension equivalent to half of their salary and a tax-free lump sum of one-and-a-half times their annual pay.
The statisticians have calculated the amount of money owed to households by private employers and the Government on all occupational pension schemes, the so-called liabilities of these schemes.
The CSO said the total liabilities of occupational pension schemes in Ireland were estimated at 186pc of Gross Domestic Product (GDP).
The total liability equated to a staggering €607.9bn, when the State pension, private sector pensions and public sector pensions are added together.