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Pension & Termination of Work

  • 27-01-2020 10:03pm
    #1
    Registered Users, Registered Users 2 Posts: 1


    Hi All,

    i would like some advice on the following;

    Mr A works in large Irish PLC since Jan 2017. Mr A was was part of the group pensions scheme that paid 5% in each month (part of employment contract). He left the Company in November 2019 around 22 months service.

    In his contract he had a three month garden leave period which would of taken him up to Jan 2020, however the company persuaded him to go early meaning he had less than two years service.

    He recently received his pension statement which was for 50% less than what he had as the company are claiming there is a two year vesting period before contributions can be transferred to another scheme.

    Mr A reviews his contract and company documents and can't find any information on this.


Comments

  • Closed Accounts Posts: 1,148 ✭✭✭Salary Negotiator


    2 year period is fairly standard in company pension schemes.

    Was he paid out for his notice period? I wonder if that might be an avenue to explore.


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