Going to work Part time 3 day week?

[Muffinb]

Im hoping to go back to work after maternity leave 3 days per week, probable Tuesday, Thursday and Friday, Full 7.5 hour days in health service. I know I gain 2 days per week at home with my little daughter which will be great and maybe my hubby can have some of my TFA, but what else do I have to worry about?? will I lose anything like pension or other benefits etc. Bit clueless about all this stuff.

Please help as my decision has to be finalised very soon and I want to make sure its worth my while....

 

[gipimann]

Re: Going to work Part time 3 day week???

If you're paying Superannuation in the HSE, you'll only pay 3/5 of a week towards your pension (i.e. for every calendar week you are employed, you're only adding 3 days to your pension year) This means you will take longer to reach the maximum reckonable service of 40 yrs.

 

[Muffinb]

Ah ha so Ill either get less at retirement or will have to add years on is that it?? I also pay into an AVC at the moment so would it be advisable to keep paying that when working the 3 days ( I had kinda thought I would stop paying it to save some money, maybe thats not advisable??)
Thanks Gipimann for the help...

 

[beautfan]

If anything you might need to increase you AVC's as I know from other people talking here that the deduction is based on your salary.

Now I know nothing about AVC's as I'm one of these public servants who will 40 years full service by the time I'm 59 so I'm hoping I'll be on a brillant wage by then.