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Vesting Rights

  • 14-03-2019 10:12am
    #1
    RedRochey
    Registered Users, Registered Users 2 Posts: 1,298 ✭✭✭


    I'm joining the pension plan where I work and will have vested rights on completion of 2 years as a member of the pension plan.

    So I understand that if I leave the company within 2 years then I won't be entitled to the employer contributions part of my pension.

    My question is what about the growth on the employer contributions? I.e. the employer contributions are €1,000 but there is 10% growth, who is entitled to the €100?


Comments

  • #2
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,876 ✭✭✭The J Stands for Jay


    StockTwat29 wrote: »
    I'm joining the pension plan where I work and will have vested rights on completion of 2 years as a member of the pension plan.

    So I understand that if I leave the company within 2 years then I won't be entitled to the employer contributions part of my pension.

    My question is what about the growth on the employer contributions? I.e. the employer contributions are €1,000 but there is 10% growth, who is entitled to the €100?

    You only get your contribution and its growth. The employer's bit, you don't get. I don't remember if the growth goes to the employer or the pension company though. Probably varies between companies.


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