Meeting with financial advisor today re pension planning.......

[Ruffian]

@Jumbled, I found this in an old HSE document. It may be relevant in relation to your Mater service.

 

[GSheehy]

Great work by Ruffian in this thread, again. Going that extra step to help. It's not surprising that their reaction score is higher than their post count.

 

[Threadser]

Note that after the pre 1995 and post 1995 schemes are designed to deliver the same value of benefits.

A worker with 40 years service under each scheme would get the same value of benefits.

In practise, this is more complicated. Post 95 PS workers who wish to retire at 60 under the teachers scheme would be required to bridge the gap between this age and state pension age. They can do this by claiming JSB and supplementary pension but I think can be a difficult process. Only those in the Pre 2004 scheme still have 60 as a retirement age. The main point I was trying to address was that the state pension is not paid in addition to this pension, but is included in it.

 

[Benbulben]

Yes, I see the TUI scheme has a 2% contribution charge although this seems to be from 2017:

Thanks Protocol, I hope nobody is trying to peddle that kind of nonsense any more. Talk about money for old rope.

 

[ClubMan]

Thanks Protocol, I hope nobody is trying to peddle that kind of nonsense any more. Talk about money for old rope.

https://cornmarket.zendesk.com/hc/en-us/articles/360017829791-What-charges-apply-to-my-AVC

Your AVC Scheme | Cornmarket

Learn everything you need to know about your AVC, Public Sector PRSA or get in touch with our expert retirement consultants today.

www.cornmarket.ie

 

[Benbulben]

Those are crazy charges for lump sum contributions and the tiered approach to AMC's.