How opting out hits your pocket
A WOMEN who earns €50,000 a year and starts a pension at the age of 35 could end up with a pension fund of €635,000.
This assumes she does not take a career break, has 10pc of her salary going into her retirement scheme, and works until she is 68.
But if she takes just five years out of the workforce, the size of her pension fund will be dramatically affected.
In this case she will end up with a fund of €444,000 at the age of 68 -- a loss of almost €200,000, IFG has calculated.