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JAMESBROWN
Guest
Hi , is there a standard minimum amount of time to be in a job before you can keep the employer's pension contribution if you leave or does it depend on the employer?
thanks.
thanks.
Statutory period is two years membership of the scheme - including transferred in vesting time where applicable.
Some pensions may allow you to keep them before that but it may be unusual. I was a member of one once that allowed those transferring in any occupational fund from a previous employment (regardless of the accumulated vesting time involved) to automatically secure the employer's contributions.
Some pensions may allow you to keep them before that but it may be unusual. I was a member of one once that allowed those transferring in any occupational fund from a previous employment (regardless of the accumulated vesting time involved) to automatically secure the employer's contributions.
J
JAMESBROWN
Guest
thanks Clubman
LDFerguson
Registered User
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Clubman's replies above assume that you are in an Occupational Pension Scheme. If your employer contributes to a PRSA, you get to keep the employer's contribution immediately.
