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Pension Situation

flory · 2006-10-22 19:59:03

My employer avoided paying me a pension which I was entitled to (as contracted employee) under the fixed-term workers act which was first introduced in July 2003. Recently they were forced to pay the pension (10% of total co-ordinated salary, approx 25k) retrospectively from July 2003 but will only do so if I make a…

22-10-2006 7:59pm

#1

flory

Closed Accounts Posts: 3 ✭

Join Date: October 2006

Posts: 1

My employer avoided paying me a pension which I was entitled to (as contracted employee) under the fixed-term workers act which was first introduced in July 2003. Recently they were forced to pay the pension (10% of total co-ordinated salary, approx 25k) retrospectively from July 2003 but will only do so if I make a employees contribution of 6.5% (13-14k). The other option given to me is too forgo the retrospective pension payment (including my 6.5% contribution) and only set a current starting date for the pension.

I am from overseas, been in Ireland for 4 years, and planning to head home in the next few years. I'm needing advice on this situation. Do I need to these employee contributions in this situation? If so, would it be worthwhile making this 6.% contribution if I eventually wanted to close the pension (thus losing a signficant portion) and take my money home.

Much appreciated.

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