UCD participates in the Irish Public Sector Transfer Network. This allows employees who transfer from one area of the Public Sector to another, to transfer their pensionable service and receive full credit for pension purposes with the new public sector employer. UCD operates a knock for knock transfer basis which means the pensionable service accumulated with the previous employer is simply added to the UCD pension record.
Note: Not all previous public sector service is pensionable and may not be transferable. However it may be possible to buy back this type of service now at a cost.
An employee may also transfer out service (no minimum service requirement) to another public sector organisation within the Irish Public Sector Transfer Network when they leave UCD. If this option is taken, the other public sector organisation assumes responsibility for the service with the University and no benefits are payable by the University. More details can be found in the Leaver Benefits section.