public sector pension

  1. M

    PRSA or AVC

    Hi All I recently joined a public body. I met with a cornmarket rep and he adviced on setting up an avc with them. Prior to this I had a PRSA with Zurich. I have been told that payroll will generally facilitate any payments. I am wondering which I should go with or does an AVC differ from a...
  2. M

    Public pension and contributory pension

    Hi all I have worked since I was 21 in the private sector where I paid into a DC scheme and now I am joining the public service. I am 40 years old. I understand the value of the DC scheme will vary. Putting that aside I am wondering how do I calculate what I will get from my state pension(s) in...
  3. M

    Value of public sector pension to private PRSA

    Hi I am looking at joining an organisation that has the public sector pension scheme, an affiliated hospital but not a HSE hospital . I am in the private sector currently. I am just wondering given it is a variation of a DB scheme for this hospital that new entrants have and I don’t understand...
  4. S

    Starting PRSA when you already have defined contribution pension and public sector pension contributions

    I'm looking to get up to speed with pensions and know what I need to do now to have comfortable retirement (or retire early!). I think my situation is bit less straight forward because my pension will be a mix of PRSA, defined contribution and public sector. I had a consultation with a...
  5. K

    Where to get independent advice about public sector pensions

    I joined the public sector in 2017 and so automatically joined their Single Public Service Pension Scheme. However, I was told that the benefits I receive under this are inferior to what they would have been if I had joined the public sector many years earlier. So I have been advised to purchase...
  6. R

    Kids raised, DB retirement but single income

    Hi all, posted couple years back and very appreciative of help so this an update and re-assessment. Age: 52 Spouse’s/Partner's age: 54 Annual gross income from employment or profession: €100,000 public sector Annual gross income of spouse: €0 (disabled/never worked) Monthly take-home pay ...
  7. R

    Married, Single income retirement planning

    Hi, couple looking to retirement <10 yrs time. I'm in public sector, with DB scheme (pre-1995) so can go at 60 w/ 38y service and pension of ~€50k w/ lump sum. No complaints. However, OH is disabled and never worked so no entitlements/pension. Job is stressful so hoping to go earlier using...
  8. C

    Over-Contribute to Pension; Compounding Benefit?

    Hopefully someone can clear up something for me … I am 41, so I can contribute 25% of my gross salary to a pension and get tax relief on it. This tax relief will be at my marginal rate, i.e. 40%. The general advice would be that maximising one’s tax relief allowances is very tax-efficient so I...
  9. T

    Long term illness, pension queries, are we in big trouble?

    My spouse has been diagnosed with a long term illness and we don’t know how much longer he will be able to work (depends on progression). We’ve to quickly reevaluate our long term financial plans which had been based on him having a full 40 year public service salary. He doesn’t want to tell...
  10. D

    Public Sector move to Contract IT Developer

    Living in Dublin and there are loads of IT developer contracts around now. I'm thinking of making a move from a secure developer job and applying for a 12 month contract. It would probably mean doing more interesting work and its almost double your money. But you lose all the perks of a...
  11. D

    Returning to Public Sector

    I left the public sector in 2000 with Superannuation Scheme (Class D1) - with an entitlement to draw the pension at 60 (2018) lump sum and pension. I have worked in the private sector since then but now I have the option of taking a job for the next two years in the public sector and it will be...
Top