R
Ribem
Guest
Hi,
I plan to retire from the Public Sector (University lecturer) at the end of Feb 2012 before the reduced salary pension comes into play. I'll have 27.2 years of pensionable service at this date (3.7 of this was bought back in the past few years). As I'll be 56.3 years old then, I'll be on a reduced pension. I have an option now of buying back another 1.9 years now at outright cost of €8820. Does it make financial sense to go ahead with the 1.9 years buy back - will they be counted in the reduced pension calculation?
Thanks
I plan to retire from the Public Sector (University lecturer) at the end of Feb 2012 before the reduced salary pension comes into play. I'll have 27.2 years of pensionable service at this date (3.7 of this was bought back in the past few years). As I'll be 56.3 years old then, I'll be on a reduced pension. I have an option now of buying back another 1.9 years now at outright cost of €8820. Does it make financial sense to go ahead with the 1.9 years buy back - will they be counted in the reduced pension calculation?
Thanks