TrixieBlue
Registered User
- Messages
- 11
If the company promised to set up a pension and didn't that seems more an Industrial relations/ Contractual issue rather than anything else.
If you are trying to consider how much he should receive now to make up for not having had pension contributions since 2017, that seems a fairly straight forward matter, (unless it was a DB pension, which is extremely unlikely). If you put some figures up here you will get feedback.
One time Compensation | 2017.8-2018.3 (8M) | 2018.4-2019.3 (12M) | 2019.4-2019.6 (3M) | SUM 2017.8-2019.6 (23M) |
62,400/12*8 = €41,600 | 65,520/12*12 = €65,520 | 67,486/12*3 = €16,872 | ||
1% | €416 | €655.20 | €168.72 | €1239.92 |
2% | €832 | €1,310.40 | €337.44 | €2,479.84 |
There was no percentage specified in the contract, HR manager told him at the time.You say this is the opening offer.
Was there a different percentage of salary specified on his contract of employment when he joined?
Is it a case that this is now not being honoured, was the offer always at the rate of 2% or was this something that was to be negotiated at a later date?
Kevin
www.thepensionstore.ie
There was no percentage specified in the contract, HR manager told him at the time.
‘The Company will start a pension scheme prior to 1st August 2017. We are trying to have a pension in place ASAP, but we cannot offer you a pension from your starting date, we will start your pension contribution the same month as the UK employee”
He thinks his UK colleagues are getting 3-5%.
They have said they won’t be able to set up an Irish pension for him, but will see about making a payment to him to cover contributions.
This is the opening offer to cover the missed payments. No written offer to cover the future.
Yes they are using a payroll service, they have no bank account in Ireland.It can be difficult for a UK company to facilitate these types of benefits if they don’t operate an Irish bank account.
Are they using a payroll service provider based in Ireland?
Kevin
www.thepensionstore.ie
Yes they are using a payroll service, they have no bank account in Ireland.
Even with that some providers won’t facilitate it as they say their ‘systems’ don’t allow it.My understanding is that they can set up a SEPA reachable account in the UK (denominated in Euro) and the pension provide here in Ireland can do a direct debit from that account.
Even with that some providers won’t facilitate it as they say their ‘systems’ don’t allow it.
Kevin
www.thepensionstore.ie
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