Leaving Public Service - Pensions Levy

danindublin

Despite the current times etc etc . . . . I'm considering going off travelling at the end of the year and leaving my currently public service job (contract position ending early next year). Will be there less than 2 years by the time I leave. I've been told I'll get my pension payments back (-20%) but they cant clarify if i'll get my levy back . . . . any one understand the below? Confusing the sh*te out of me!

What if I leave before completing the minimum period for
accruing a pension benefit (or payment in lieu in some
cases)? For example, if I leave before completing two
years and I won't have a preserved benefit. Do I receive
a refund?
If the person to whom the deduction has applied leaves (a)
without a benefit or preserved benefit, or b) without a
payment in lieu or preserved payment in lieu, and (c) without
transferring the service, then a refund is provided. This
means in effect that a person who receives any payment in
lieu during the employment or on leaving will not be entitled
to a refund.

leeroybrown

I'm fairly certain that when they enacted the Pension Levy they included a repayment clause for those who leave before gaining the right to a preserved pension.

leeroybrown

As I said above, there is a legal provision for your situation. The relevant information can be found in section 5(3) of the Financial Emergency Measures In The Public Interest Act 2009 (linked from www.oireachtas.ie).