roytheboyo
Registered User
- Messages
- 97
This risk is worthy of serious consideration. While things are looking good today, one never knows what is ahead. Pensioners in Greece got some pretty savage cuts to their pension.- the public sector pension is unfunded, it is paid out of taxation. So assuming the State does not go bankrupt (which will be a major disappointment to Profs Lucey and Gurdhiev) your benefits should be reasonably safe.
Well, apart from whatever amounts the government sees fit to take away as a pension levy...On the other side of a private DC pension, ... at a minimum, you know that your fund is your own.
The public service (public and civil service) pension is unfunded. The public sector encompases commercial semi state companies (ESB, Bord Gas etc) who operate funded superannuation schemes.the public sector pension is unfunded, it is paid out of taxation.
Hi,
I am working in public service, paying pension related deduction etc.
I am considering an offer from private co, with dc pension.
is there any way of roughly comparing both.
Age, 41, pay 80k approx, new role 90k with less pension. any rule of thumb I could use.
No, it's compulsory to join.
I didn't think they accepted any new entrants after circa 1995?
Well, apart from whatever amounts the government sees fit to take away as a pension levy...
I presumed he meant he was opting out which is why I asked.
I am considering an offer from private co, with dc pension.
is there any way of roughly comparing both.
Age, 41, pay 80k approx, new role 90k with less pension. any rule of thumb I could use.
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