Nicetoknow
Registered User
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- 83
In this case it looks like public sector. I'd switch in a flash. Often the salary difference is much higher than this.
Won't need to contribute 20% to a pension, so that'll be down somewhat, not the same pension and not as cheap as it was up to 2009(?) but still better than 20%.
Also the pay cut isn't a straightforward 15%. At top rate plus pension the person is taking home less than 30c of each euro. (51% tax + 20% pension + prsi/usc on pension). If someone drops 15k in salary and is paying 20% pension - that's about 85 euro a week in disposable income. Here that's will be slightly offset by some pension contribution savings.
One thing to watch is health insurance - that will not be paid by the public employer.
So it is impossible to compare their Single Scheme with a private sector Defined Contribution scheme
Age: 37
Two words: (1) Permanent (2) Pensionable. A public service job on the terms above is a gift in these uncertain times.
I left the public service after 8 years and have been in the private sector for 5 years now. I do miss the public service with its certainty and benefits.
On balance, it has to be the public service.
but some public sector bodies provide free travel on public transport (CIE, NTA).
There are extremely few fringe benefits in most of the public service. You will pay for your own Christmas party.
Big difference is the payrise process, increments/ payscales are almost unheard of in the private sector these days
Big difference is the payrise process, increments/ payscales are almost unheard of in the private sector these days
"Unheard of" is a massive stretch surely?!
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