Superannuation: Public Service Pensions buying back service

stuffit

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I started work as a temporary care staff, then a permanent care staff in a mental handicap unit before deciding to retrain as a nurse. I cashed in my civil service pension, studied and qualified as a nurse.

In 2002 I started permanent work as a nurse in Dublin mental handicap unit.

At the start of this year I got a quote from his employer saying it would cost €6,800 to buy back 9 years of service. I could pay this off in one lump sum or by monthly instalments as long as it was paid off by December 2006.

In July I changed to a position in Drogheda working for North Eastern Health Authority in the Old Age field. The new job isn't a promotion. I'm on the same grade and pay scale as before. Though there was a small pay rise in June under partnership/benchmarking.

At this stage 5 instalments had been paid off.

The North Eastern Health Authority says they are recalculating the cost of buying back the years.

And It's now €2,000 dearer.

They say the fact that I've moved from Dublin to Drogheda is not a factor.

Recalculation is necessary because the mental handicap units in Dublin were part of the Education Pension Scheme and current job is part of the Health Agencies Superannuation Scheme. Only fully paid up years of service can be transferred across between the schemes.



Does this sound reasonable?

Is there anyone to appeal this to?

I'd like to check the figures. It seems strange that the buy back cost has increased by 30% in just 7 months. Does anyone know how to calculate the costs involved?



Ste

 
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