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Pensions question

  • 23-09-2013 6:16pm
    #1
    Registered Users, Registered Users 2 Posts: 1,332 ✭✭✭


    Hi
    I got a letter and some literature in the post this morning in relation to pensions that has kind of thrown me. I'll be honest, I know nothing about pensions so Im really confused about it all. But from what I do understand(I think) Im being issued with a bill of 4,000 euro which has been back dated some how and also from this week on(26th septemeber) I have to make a weekly contribution to a pension. I only work part-time and the list of deductions I incur weekly is already very lenghty(public sector job) so to be told that theres even more to come out of my already very tight pay-packet is a kick in the balls. I cant afford to take any more deductions, I literally wont be able to afford food. And it says in this letter that I have no choice, its not something I can decide to not take up.
    I have no intention of staying in this job long term, I've been saving like crazy these last few years to pay for a return to college so to contribute to a fund I'll never use is like paying a mortgage on a house I'll never live in. I really do not wanna pay them 4,000 out of my college fund, that'll make a big dent.

    My question is, is there a way out of this, can I actually opt out and not pay into a pension I'll never use?
    Thanks


Comments

  • Registered Users, Registered Users 2 Posts: 15,397 ✭✭✭✭rainbowtrout


    No is the short answer. If you work in the public service you are obliged to pay pension contributions. If you leave with less than 2 years service they can refund you.


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