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pension?

im working for the public sector since April 2011, it was meant to be just a tempory contract till Aug, then Dec. then Jan, now until end of July 2012. i have never thought about the pension as im just 22 and its my first job. But should i join now?

What is the pro and con for doing so?

Many thanks

Comments

  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    You should always join.

    For a public sector job you basically get a very good pension in return for working there a long time...
  • davidm1
    davidm1 Posts: 88 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    but as it is not a permanet position, what happen when i left?
  • dunstonh
    dunstonh Posts: 120,004 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    but as it is not a permanet position, what happen when i left?

    You either leave the pension in place or transfer it.

    Joining public sector pension schemes, even if its short term, is a no brainer.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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