Dave Vanian
Registered User
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An employee who is currently in MyFutureFund joins their employer's PRSA scheme, with 5% employer contributions and 5% employee. So now they should be removed from MyFutureFund.
Anyone know how the employer / employee arrange this? I've looked at the opting out sections but this is not opting out - it's no longer being eligible.
If it's something that happens automatically because NAERSA notices the PRSA contributions on payroll, how long does that take and will overpaid MyFutureFund contributions be refunded?
Thanks for any insights.
Anyone know how the employer / employee arrange this? I've looked at the opting out sections but this is not opting out - it's no longer being eligible.
If it's something that happens automatically because NAERSA notices the PRSA contributions on payroll, how long does that take and will overpaid MyFutureFund contributions be refunded?
Thanks for any insights.