Additional Voluntary Contributions (AVCs)
Page updated 12 August 2022
The UCD AVC (Additional Voluntary Contribution) Scheme complements the benefits of UCD main pension scheme and allows members regardless of age or service to supplement their retirement benefit within Revenue Limits. The UCD AVC Scheme Consultants are Cornmarket Group Financial Services Ltd. and Irish Life are the AVC Investment Managers and Administrators.
- The AVC Scheme is defined contribution
- Benefits are dependent on the amount contributed to the scheme and the performance of the fund
- Benefits are not guaranteed
- Separate AVC Benefit Statements are issued annually
Arrange a Consultation
The UCD Pensions Office provides general information to staff on the purchase of AVCs. UCD and the trustees of the AVC Scheme have appointed Cornmarket Group Financial Services Ltd., a firm of professional pension consultants to provide advice to employees on the UCD AVC Scheme. Cornmarket offer a consultation on a one-to-one basis at work or at home with two of their most experienced consultants, Jane Furniss or Ian O'Shea. A consultation fee may apply for new AVC members and Cornmarket will confirm details in advance. If you wish to arrange a consultation with either Consultant you should in the first instance contact Cornmarket:
Phone: (01) 420 0985
AVC/Notional Service - Pension Seminars
This seminar provides an overview for employees interested in voluntarily augmenting their UCD Pension Benefits by making regular/lump sum Additional Voluntary Contributions (AVCs) and / or purchasing additional years under the Notional Service Plan.
Please visit the People Development page for a list of current and upcoming Pensions seminars.