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Have you read some of the many other threads on DB schemes?I had 3.5 years of service in a company with a defined benefit scheme with Mercer. I left there 2 years ago and now Mercer have asked me to transfer my benefits. However they said I am not entitled to my employers contributions as it is DB and not DC scheme. Is this correct?
See here for example:Also can someone point me in the direction of how to open a PRSA and which hopefully a league of providers?
Have you read some of the many other threads on DB schemes?
The fact that it was a DB as opposed to a DC should not have any effect as far as I am aware.
In a DB scheme the transfer value is based on length of service in the scheme and salary and age at date of leaving service - the employer contributions are not relevant as there is no specific employer contribution for each member to a DB scheme.
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