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morrisfletcher
Joined: 21 Oct 2010
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 Posted: Tue Jun 26, 2012 11:00 pm Post subject: Pay the National Pension Contributions myself? |
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My employer has not been paying into my Pension since January. Prior to this, my pension contributions were being made. He told me that because of financial difficulties he can not pay it. He informed me that I could make the contributions myself. He would give the money to me, and then I would give it to the Pension office. Basically, he is willing/wants to do this because I am the only one who has pestered him about the issue. So, my questions are:
1) Is it even possible for me to make the contributions myself?
2) If possible, is it just a matter of going to the Pension Office and making the payment? |
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Wildbore
Joined: 17 Jun 2009
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| Posted: Wed Jun 27, 2012 1:44 am Post subject: Re: Pay the National Pension Contributions myself? |
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| morrisfletcher wrote: |
My employer has not been paying into my Pension since January. Prior to this, my pension contributions were being made. He told me that because of financial difficulties he can not pay it. He informed me that I could make the contributions myself. He would give the money to me, and then I would give it to the Pension office. Basically, he is willing/wants to do this because I am the only one who has pestered him about the issue. So, my questions are:
1) Is it even possible for me to make the contributions myself?
2) If possible, is it just a matter of going to the Pension Office and making the payment? |
It is possible, but you would have to re-register as an indepedent contractor and not as an employee insured person.
Remember, you would also have to pay the health insurance premiums yourself too.
Sounds like he is trying to screw you in some way. He may give you cash the first month, and then bail after that, leaving you on the hook for everything. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Wed Jun 27, 2012 3:24 pm Post subject: Re: Pay the National Pension Contributions myself? |
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| morrisfletcher wrote: |
My employer has not been paying into my Pension since January. Prior to this, my pension contributions were being made. He told me that because of financial difficulties he can not pay it. He informed me that I could make the contributions myself. He would give the money to me, and then I would give it to the Pension office. Basically, he is willing/wants to do this because I am the only one who has pestered him about the issue. So, my questions are:
1) Is it even possible for me to make the contributions myself?
2) If possible, is it just a matter of going to the Pension Office and making the payment? |
(bolding mine).
I think you should be looking at the statements in your post I bolded and asking yourself two other questions (which are far more important).
1) If he can't pay how is he going to give you the money?
2) Pension is 4.5% of salary (usually). If he can't pay 4.5% of salary how is he going to afford 100% of salary? |
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morrisfletcher
Joined: 21 Oct 2010
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| Posted: Wed Jun 27, 2012 4:42 pm Post subject: |
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TheUrbanMyth:
Realistically, I think my school is barely making payroll. He can't afford to pay into the Pension for ALL the employees. At my academy, that total would be rather large. So instead of paying it for everyone, he is willing to make this deal with me (the squeaky wheel).
Trust me, I have seen the writing on the wall with this joint. I have already handed in my resignation letter. I just wanted to know if I could get my Pension balance up to date after I've quit. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Wed Jun 27, 2012 5:39 pm Post subject: |
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| morrisfletcher wrote: |
TheUrbanMyth:
Realistically, I think my school is barely making payroll. He can't afford to pay into the Pension for ALL the employees. At my academy, that total would be rather large. So instead of paying it for everyone, he is willing to make this deal with me (the squeaky wheel).
Trust me, I have seen the writing on the wall with this joint. I have already handed in my resignation letter. I just wanted to know if I could get my Pension balance up to date after I've quit. |
You can do this by reporting him to the pension office. However you will have to back pay YOUR share of the contributions first...from January on. |
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anbrainblasta
Joined: 14 Feb 2009
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| Posted: Sat Jan 12, 2013 7:37 am Post subject: |
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Just a bump on this one,
If a person owed a couple of years worth of pension contributions would they have to make one lump sum repayment, or would the pension office agree to an installment plan over the duration of a current contract. |
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