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New pension legislation: Reminder

All salaried staff were recently informed by letter of a new law introduced by the Government requiring employers to automatically enrol their workers in a qualifying pension scheme.

This is a reminder that if you are not already in one of the pension schemes offered through the University, you will be automatically enrolled from this month, March 2013, if you meet the qualifying criteria (unless you have already opted out, prior to the cut off date).

If you do meet the qualifying criteria, you will notice on your March payslip a reduction in your net pay this month, as a result of the pension deduction. Pay slips will be dispatched before Friday 22 March.

Questions?

If you have any questions regarding auto-enrolment, including opting out, you can email HR dot pensions at warwick dot ac dot uk or call the team on ext 22720 / 51385.

There’s also a detailed Q&A on the HR website.

Places are still available at the New pension legislation: auto enrolment information session this Friday, 22 March 2013.