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Submission 295

May 08

Green Paper Submission

I wish to make the following points-

  1. People should be able to make Additional Voluntary Contributions to their State pension. This would guarantee a specific defined benefit and would eliminate the administration and commission fees charged by private pension companies.  It would also give the State substantial income on an ongoing basis as basically an interest free loan.
  2. All organisations that receive State funding as their sole or substantial source of funding should have their employees in the Public Service Pensions scheme

Specifically in the Education Sector where 3rd level Colleges receive Capitation fees and tuition fees, all such Colleges should have a State Pensions Scheme.
3. Where those Colleges have Dept of Education  staff, or staff from a public body ,on secondment , those Colleges have to pay the Dept of Education , or the public body, employer’s pensions contributions for those teachers and staff but the Colleges themselves may only have private and or PRSA types schemes for their own staff. Indeed, whereas the State sector employees remain on defined benefit schemes even whilst on secondment, it may be the case that employees of some Colleges of Education are on defined contribution private PRSA type schemes

4. I would like a review of all pension schemes in operation in the 5 Colleges of Education in order to establish equity and equality.

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