Statutory pension change - Auto Enrolment
30 May 2013
A statutory change in pensions will soon impact staff at UCL. The scheme is known as Auto Enrolment (AE).
UCL will soon be required to automatically enter employees who meet certain age and pay levels, and who are currently not paying into a pension scheme, into one of the official UCL schemes (USS or SAUL).
UCL will be implementing AE from 1 June 2013. UCL already meets most of the statutory requirements of AE by the automatic admission of full or part time staff, into USS or SAUL. However, in addition from 1 June 2013, UCL will automatically enrol as-and-when contractees and casual staff into SAUL or USS.
In addition, UCL will monitor on an ongoing monthly basis, those staff who currently do not meet the age and pay requirements, but who may do so in future pay periods.
All UCL staff will receive an e-mail and / or letter in early June informing them how AE impacts on them, though for most of us, it will not have any material affect.
If staff wish to opt out of a pension scheme, this can be done after 1st June 2013, and details of this process will be detailed in the communication.
Further information on all aspects of Auto Enrolment, and which staff will be affected, can be found at https://www.gov.uk/workplacepensions
UCL employees can direct any specific queries to email@example.com and contain the subject of Auto Enrolment in the e-mail subject header.