I'm hoping that someone here might be able to advise. I am a primary school principal, age 50, hoping to retire at the end of this school year when I will be 51. I need out as soon as possible.
I am teaching since 1991. I took a career break from September '97 to August '98, when I resigned a permanent post and took up a temporary position in September '98. I've had no break in service at all. My current salary is €91k. When looking into Cost Neutral Retirement, I have discovered that because I am on Class A1 PRSI that this will impact significantly on my pension entitlements.
I have three questions. (Bear in mind that this stuff is double Dutch to me!) 1. Given that I had no break in service, should I have been moved from Class D1 PRSI?
2. How badly would things be affected by taking Cost Neutral at Class A1 compared to D1?
3. Anyone got any clever solutions or suggestions?
Thanks a lot
Páidín
I am teaching since 1991. I took a career break from September '97 to August '98, when I resigned a permanent post and took up a temporary position in September '98. I've had no break in service at all. My current salary is €91k. When looking into Cost Neutral Retirement, I have discovered that because I am on Class A1 PRSI that this will impact significantly on my pension entitlements.
I have three questions. (Bear in mind that this stuff is double Dutch to me!) 1. Given that I had no break in service, should I have been moved from Class D1 PRSI?
2. How badly would things be affected by taking Cost Neutral at Class A1 compared to D1?
3. Anyone got any clever solutions or suggestions?
Thanks a lot
Páidín