Palantir_Use
Registered User
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- 26
I have a little over 4 years contributions (52 months) in a Public Service (Defined Benefit) Pension, contributed as a "Post-95" employee.
I was recently reviewing some paperwork, and realised that these pension contributions may not actually provide ANY payout if I leave them where they are ...
The Full penion (40 years contributions) should provide a 50% pension + a lump sum.
I would have one tenth of that - so a 5% pension ... but since the PRSI pension would exceed this value, i'm not sure it makes sense to leave the money in the Public Service pension.
Am I mistaken, or should I contact the Trustee's and arrange for it to be transferred as an AVC into my current employer's fund (or a standalone AVC)?
Cormac
I was recently reviewing some paperwork, and realised that these pension contributions may not actually provide ANY payout if I leave them where they are ...
The Full penion (40 years contributions) should provide a 50% pension + a lump sum.
I would have one tenth of that - so a 5% pension ... but since the PRSI pension would exceed this value, i'm not sure it makes sense to leave the money in the Public Service pension.
Am I mistaken, or should I contact the Trustee's and arrange for it to be transferred as an AVC into my current employer's fund (or a standalone AVC)?
Cormac