I am really confused on a series of points about the public service pension and hope someone here with more experience can help.
I worked in a university for slightly less than 2 years so I understand I have the option of claiming back my own contributions. However I also understand that the employer's contributions will be lost if i do so and these were at 20% so I would prefer to avoid this.
1: is there a time limit for claiming back my own contributions?
2: the university did not inform me of the options upon leaving and 1 year has passed from when i ceased employment. If I simply do nothing what will happen to this fund?
3: I was told that if I claim back my contributions and join back the public service within 24 months, the previous contributions will be re-instated, is that correct? when do the 24 months period start from though, would it start from when i ceased employment or from when i claim back my contributions?
if anyone could shed some light on these points that would be great
thank you
I worked in a university for slightly less than 2 years so I understand I have the option of claiming back my own contributions. However I also understand that the employer's contributions will be lost if i do so and these were at 20% so I would prefer to avoid this.
1: is there a time limit for claiming back my own contributions?
2: the university did not inform me of the options upon leaving and 1 year has passed from when i ceased employment. If I simply do nothing what will happen to this fund?
3: I was told that if I claim back my contributions and join back the public service within 24 months, the previous contributions will be re-instated, is that correct? when do the 24 months period start from though, would it start from when i ceased employment or from when i claim back my contributions?
if anyone could shed some light on these points that would be great
thank you