Could someone confirm if I am right in how my weekly pension will be calculated.
I am 44 yrs old and have stared in a HSE funded position and have to contribute to their pension scheme ( I have never been in a pension scheme before)
If my current salary is €40,000 would that mean that my weekly private pension paid to me at todays rates would amount to:
€40,000 divide by 80 = €500
€500 multiply by 22yrs at retirment age = €11,000
€11,000 divide by 52 = €211.53 per week plus state contributary pension.
I am right here or am i calculating this wrong
I am 44 yrs old and have stared in a HSE funded position and have to contribute to their pension scheme ( I have never been in a pension scheme before)
If my current salary is €40,000 would that mean that my weekly private pension paid to me at todays rates would amount to:
€40,000 divide by 80 = €500
€500 multiply by 22yrs at retirment age = €11,000
€11,000 divide by 52 = €211.53 per week plus state contributary pension.
I am right here or am i calculating this wrong