I
Inigo
Guest
I spent some years working in an organisation with a nice shiny DB pension scheme. Lots of promises made about the generous pension and weren't we so lucky to have it! Now it's being wound up. I no longer work there now.
Firstly, I didn't think they could just break all the promises they made years ago. They certainly never warned us they could. But, it would seem that they can do just that.
Secondly, what to do with the fund? It's not enormous. I can apparently transfer it to their DC scheme or to a PRSA. I don't have a PRSA right now but I probably should get one. I'm not working at this moment as I'm back studying. I'll be in a new public sector job next year. I have an old public sector pension from some years back as well.
Any suggestions as to what I could do? Is there any point in making a fuss over the broken promises?
Firstly, I didn't think they could just break all the promises they made years ago. They certainly never warned us they could. But, it would seem that they can do just that.
Secondly, what to do with the fund? It's not enormous. I can apparently transfer it to their DC scheme or to a PRSA. I don't have a PRSA right now but I probably should get one. I'm not working at this moment as I'm back studying. I'll be in a new public sector job next year. I have an old public sector pension from some years back as well.
Any suggestions as to what I could do? Is there any point in making a fuss over the broken promises?