Employer contributions to DC pensions

[Bearsandbulls]

Hi, all.

Just a general query as to what the average employer contributions are to DC pensions in Ireland currently.

My plan is matched by contributions up to 8%

 

[RedOnion]

Surveys suggest average is just under 6%.
I've been in a few jobs with much higher, typically banks which previously had defined benefit pensions.

Some previously threads, but there are others:

Employer Contributions to DC Schemes - typical levels?

Hi, We will be moving from a DB pension scheme to a DC pension scheme. I am interested in assessing the quality of the new scheme offered by our company, from an employer contribution point of view, but am finding it very difficult to find a source for this information. i would like to get...

www.askaboutmoney.com

Employer contributions to DC plan

What is a good employer contribution to a DC plan? Looking at possibility of moving companies and trying to suss out what is a good %. Salaries seem to be higher ( grass being greener...) but trying to look at the total package of what's on offer. Not on a high salary or management so don't...

www.askaboutmoney.com

 

[PaddyW]

My employer contributes 10%, doesn't have to be matching contributions.

 

[ClubMan]

The several multinational corporations that I worked for in my time never matched more than 5-6%. Maybe they're more generous these days?

 

[Adelie]

Current employer pays max 8% if I pay 7%

Previous employer paid max 12% if I paid 6%

Both multinational tech companies

 

[Kev1964]

British financial services employer matched up to 10% for me. That was from 2005 to 2015.

Wife who works in a senior role for an Irish financial services company currently gets 15% Employer contribution. Generous I know.

 

[fayf]

Last few MNC jobs have been Employer DC contribution of 6%, which seems to be about the average, but my current MNC (tech co)is Employer DC contribution of 8%, where Employee pays at least 4%.

The Employer contribution of 8% applies to annual bonus as well, which i don’t believe is common.

@Kev1964
That 15% is very rare ! and very generous.

 

[jdwex]

Me 5, employer 10, work for Telco, DC scheme. Bonus (0-15%) not included

 

[Fortune]

Employer contribution 12%, matching up to 4%.

 

[Flybytheseat]

Employer contribution 13% (over 50's) if employee contributes normal 4% plus min 2% AVCs. MNC Pharma.