Which part do you think it doesn't?Is it truly mandatory and cover old age, disability and death?
I was asking a genuine question.I didn't think any part was or wasn't hence my original post to educate myself. Hope that's ok with you?
I didn't mean any offence in my post, I thought I had completely misunderstood your question.Switzerland
Does PRSI count?
You don't have to disagree with me on everything you know!!I think there is a difference between PRSI and a segregated pension contribution which the original question asked about.
You don't have to disagree with me on everything you know!!
It's almost flirtatious!Do I?
In an EU context, PRSI privides a second Pillar pension, just not called that here.
I've done some digging here to better understand which pillar maps to what in Irish context. Based on that I'm not convinced that PRSI = 2nd pillar equivalent. The graphic below would suggest first pillar = PRSI. If my read is correct then I arrive back at my original question but let me rephrase / clarify it in light of the graphic below...
While I understand that it may be mandatory for Employers to offer "Occupational plans" in Ireland, is it mandatory for employees to avail of those plans?
Switzerland signed to a bi-lateral agreement. You have to put it into a vested benefits account, and get it at retirement (or earlier trigger event). I understood you keep the employer contribution as well, but didn't really follow.
The non mandatory part you can claim back by proving you are leaving permanently.
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