Pension charges explained
Ger: My public service pension is €12,084.00 gross per annum. Will my total pension be cut the 4pc average or does this just refer to the amount in excess of €12,000, i.e. €84?
The first €12,000 of Ger’s pension won’t be reduced. The remaining €84 will be reduced by 6pc, a total reduction of €5.04.