J
Jnomics
Guest
I belong to a 3rd-level institution pension scheme, post 1995 employee, so class A PRSI contributor. I appear to be contributing about 5.6% of my gross monthly salary to my pension. Aged 43 now, I need to buy about 4 years notional service - the cost of this is going to be a further 4.63% every month - is this a good deal? It seems to me that over the next 17 years or so it's going to cost me €64000+ just for the extra four years and that is only going to buy another 1/20th portion of my final salary. In other words, I'd have to live about another 15 years before I even got my money back (in today's money - but even with indexation between now and then I'm paying in more - as well as getting back more ultimately).