Auto Enrolment FAQ's

The aim is to help more people have another income, on top of the State Pension, when they retire.

The State Pension is a foundation for your retirement. If you want to have more, you need to  save during your working life. The Government is getting employers to enrol their workers automatically into a pension at work so it is easier for people to start saving.

If you are already a member of one of the University’s pension schemes there will be  no change for you as a result of auto enrolment.

The University will be covered by the new requirement from 1 May 2013 and from that date  we need to enrol into a workplace pension, staff who:

  • Are not already in a qualifying workplace scheme;
  • Are aged between 22 and the State Pension Age (currently 65)
  • Earn more than £787 in any month (in the tax year 2013/14) and;
  • Work or usually work in the United Kingdom.

 

If you meet the criteria specified in question 2, you will be enrolled into one of the pension schemes operated by the University with effect from 1 May 2013.

Employers are permitted by the legislation to postpone the automatic enrolment date for up to three months. This allows for ‘spikes’ in earnings for workers with variable earnings.

We will be writing to everyone personally during May 2013 and we will notify staff if this applies to them. You will however have the right to join a workplace pension scheme during the period of postponement if you wish.

If you don’t meet the criteria specified in question 2 you will not be automatically enrolled into a workplace pension scheme. If you meet the criteria at a later date, for example if you reach age 22 or your earnings increase, then you will be automatically enrolled into a pension scheme. The University will contact you directly if this happens.

You may, if you wish, join one of the University pension schemes applicable to you (i.e. ‘opt in’) even if you don’t meet the criteria. You will need to complete an application form to join if you want to do this. To obtain the relevant application form, please contact staff in the Pensions Section by emailing autoenrolment@strath.ac.uk or phone them directly on 0141 548 4771.

If you’re working out with the UK but are being paid by the University then auto enrolment does apply to you as you normally work in the UK.

If you are on secondment to the University from overseas and you are being paid by your overseas employer then auto enrolment does not apply to you as you don’t normally work in the UK.

You will pay into the pension scheme and the University will also contribute. The Government will pay into it in the form of tax relief.

This means some of your money that would have gone to the government as tax goes into your pension instead.

Both you and the University will pay a percentage of your earnings into the pension scheme. The current contribution rates for each of the qualifying pension schemes supported by the University are;

Pension Scheme

 

Your contribution

 

University’s contribution

 

USS

for all staff commencing employment with the University on or after 1 April 2003. Membership of USS is either in the Final Salary Section or the Career Revalued Benefits Section of the Scheme.

Final

Salary

 

7.5% 

Career

Revalued

 

6.5%

Final

Salary

 

16% 

Career

 Revalued

 

16%

LGPS

 for certain staff who commenced employment with the University prior to 1 April 2003

 

Variable depending on rate of pensionable salary (typically between 5.5% and 7%)

 

21.3%

STSS

for staff already members of this scheme at the point of the merger between the University and Jordanhill College of Education.

 

Variable depending on rate of pensionable salary (typically between 7% and 8.4%)

 

 

14.9%

As well as a pension for you, as a member of a pension scheme there is immediate life cover and an income for your spouse/civil partner/dependant and eligible children if you die whilst paying into the scheme.  As well as this cover you may also qualify for an incapacity pension if you are unable to work due to long-term illness or physical or mental incapacity and you pay lower compulsory National Insurance contributions towards the UK state pension scheme.

More information on the benefits of membership of each of the qualifying pension schemes supported by the University are detailed on their respective websites;

Universities Superannuation Scheme (USS) - for all staff commencing employment with the University on or after 1 April 2003. Membership of USS is either in the Final Salary Section or the Career Revalued Benefits Section of the Scheme.

Local Government Pension Scheme (LGPS) - for certain staff who commenced employment with the University prior to 1 April 2003.

Scottish Teachers Superannuation Scheme (STSS) – for staff already members of this scheme at the point of the merger between the University and Jordanhill College of Education.