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Pension deduction?

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  • 10-11-2014 11:17pm
    #1
    better call saul
    Banned (with Prison Access) Posts: 412 ✭✭


    I see I my first payslip as a secondary teacher that there's a deduction for a pension? I don't have a private one so I'm not sure what this is? None of the rest of the teachers are too sure either? Should I have a private pension too?


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    #2
    evolving_doors
    Closed Accounts Posts: 11,812 ✭✭✭✭evolving_doors


    better call saul wrote: »
    I see I my first payslip as a secondary teacher that there's a deduction for a pension? I don't have a private one so I'm not sure what this is? None of the rest of the teachers are too sure either? Should I have a private pension too?

    Are you paid by the department.... or the school?
    Strange that no one else knows! The vice principal should know...


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    #3
    sitstill
    Registered Users Posts: 1,380 ✭✭✭sitstill


    better call saul wrote: »
    I see I my first payslip as a secondary teacher that there's a deduction for a pension? I don't have a private one so I'm not sure what this is? None of the rest of the teachers are too sure either? Should I have a private pension too?

    If you are Department or ETB paid, then you will be paying into the compulsory Public Service Pension Scheme - as are all of your colleagues. Strange that none of them know what it is?


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    #4
    better call saul
    Banned (with Prison Access) Posts: 412 ✭✭better call saul


    sitstill wrote: »
    If you are Department or ETB paid, then you will be paying into the compulsory Public Service Pension Scheme - as are all of your colleagues. Strange that none of them know what it is?

    Cool thanks! None of the young staff knew!

    Should I still open up a private pension too?

    Have you any info on the public scheme I'm paying into?


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    #5
    Pwpane
    Closed Accounts Posts: 457 ✭✭Pwpane


    Do a little research.

    Try the education.ie website or the union websites. Ring the DES and ask for a brochure.


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    #6
    Geuze
    Registered Users Posts: 13,105 ✭✭✭✭Geuze


    better call saul wrote: »
    I see I my first payslip as a secondary teacher that there's a deduction for a pension? I don't have a private one so I'm not sure what this is? None of the rest of the teachers are too sure either? Should I have a private pension too?

    I'm a small bit worried that the people teaching the next generation aren't aware that as public servants they are members of a PS occupational pension scheme.

    No, as you are now a member of an occupational pension scheme, there is no need to get a private pension as well.

    Anyways, plenty of details here:


    http://www.per.gov.ie/public-service-pensions/


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    #7
    Geuze
    Registered Users Posts: 13,105 ✭✭✭✭Geuze


    better call saul wrote: »
    Cool thanks! None of the young staff knew!

    Should I still open up a private pension too?

    Have you any info on the public scheme I'm paying into?


    The contribution rate is 6.5% of wages, though it's actually not quite as simple as that.

    The benefit is a pension of half your final salary, based on 40 years service, though, again, it's not quite as simple as that.

    For recent entrants to the PS, the pension is not based on final salary, it's based on career-average earnings.


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    #8
    km79
    Registered Users Posts: 48,137 ✭✭✭✭km79


    have a look at the OPs posting history before wasting time responding
    particularly their last post on TY forum http://touch.boards.ie/thread/2057229365/27/#post93042481


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    #9
    Geuze
    Registered Users Posts: 13,105 ✭✭✭✭Geuze


    I see what you mean.

    As an educator myself, I am worried.......

    As the child of a teacher, I say "they don't make em like they used to".

    As a parent, I am a tad concerned.............


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    #10
    Inspector Coptoor
    Registered Users Posts: 6,818 ✭✭✭Inspector Coptoor


    That's possibly THE most inappropriate comment I've ever seen from a teacher on boards.

    For Shame


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    #11
    evolving_doors
    Closed Accounts Posts: 11,812 ✭✭✭✭evolving_doors


    km79 wrote: »
    have a look at the OPs posting history before wasting time responding
    particularly their last post on TY forum http://touch.boards.ie/thread/2057229365/27/#post93042481

    Cheers, thread closed for now... don;t forget to report!! etc..


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