If you leave service, all contributions to the Plan will cease. In addition, any

separate lump sum death in service benefit* arranged by your employer will

cease.

Your options on leaving will depend on whether or not you have more than 2

years Qualifying Service**.

If you have less than 2 years Qualifying Service, you have the following options:

1. Request a refund of the value of any contributions (including AVCs) paid by

you to the Plan – less tax currently 20%.

2. Leave the value of your contributions (including AVCs) invested in the Plan until Normal Retirement Age. If you leave your benefits in the Plan, they will continue to be invested in the funds selected. Your benefits under the Plan will depend on the investment performance of the funds in which they are invested, and any charges deducted.

3. Transfer the value of your contributions (including AVCs) to a new employer’s

pension scheme, an approved retirement bond or a Personal Retirement

Savings Account (PRSA) in your own name, subject to certain conditions.

4. Transfer the value of your contributions (including AVCs) to a different

country provided the transfer is being made to a pension arrangement that

is acceptable to the Irish Revenue and has been approved by the appropriate

regulatory authority in the country concerned.

If you have completed 2 or more years Qualifying Service** you no longer have

the option of taking a refund of contributions. The rest of the options listed

above apply, but in each case will be based on the value of both your own

contribution (including AVCs) and the value of the contributions that have been

paid to the Plan by your employer.

If you die having left service and before your pension benefits become payable,

the then value of your pension fund is paid to your estate. If your benefits have

been transferred out of the Plan, no further benefits are payable.

*Lump sum death in service benefit means…

** Qualifying Service is service while a member of the Plan for pension benefits, including any similar service transferred in from another occupational pension scheme.