Common use of PENSIONS AND PENSION SCHEME Clause in Contracts

PENSIONS AND PENSION SCHEME. 12.1 If Your employment is full-time or part time and You are between the ages of 16 and 75 and Your employment is for a period of 3 months or more, You shall be automatically enrolled as a member of the Teacher’s Pension Scheme (“TPS”) or other appropriate pension scheme.. At any time you can opt out of the scheme and make alternative arrangements. 12.2 If Your employment is full-time or part time and You are between the ages of 16 and 75 and Your employment is for a period of less than 3 months, You will not be automatically enrolled as a member of the TPS or other appropriate pension scheme. You may elect to opt-in to the TPS or other appropriate pension scheme and should consult the Governing Body/School’s Pension Policy, if applicable. 12.3 You may, at any time in the course of Your employment, opt out of the TPS or other appropriate pension scheme and make alternative arrangements. Notice to do so should be given in accordance with the Governing Body/School's Pension Policy. 12.4 A contracting-out certificate is in force which means that the TPS or other appropriate pension scheme applies in place of the SSPS (State Second Pension Scheme previously known as State Earnings Related Pensions Scheme (SERPS)). If You choose to opt-out of the TPS or other appropriate pension scheme You will cease to be contracted-out (save insofar as clause 12.3 applies) and, unless You take out Your own contracted-out personal pension, You will have to contribute to SSPS.

Appears in 1 contract

Sources: Employment Agreement

PENSIONS AND PENSION SCHEME. 12.1 13.1 If Your employment is full-time or part time and You are between the ages of 16 and 75 and Your employment is for a period of 3 months or more, You shall be automatically enrolled as a member of the Teacher’s Local Government Pension Scheme (“TPSLGPS”) or other appropriate pension scheme.. At any time you can opt out of the scheme and make alternative arrangementsas notified to You. 12.2 13.2 If Your employment is full-time or part time and You are between the ages of 16 and 75 and Your employment is for a period of less than 3 months, You will not be automatically enrolled as a member of the TPS LGPS or other appropriate pension schemescheme as notified to You. You may elect to opt-in to the TPS LGPS or other appropriate pension scheme and should consult the Governing Body/SchoolAcademy Trust Company and/or Academy’s Pension Pensions Policy, if applicable. 12.3 13.3 You may, at any time in the course of Your employment, opt out of the TPS LGPS or other appropriate pension scheme and make alternative arrangements. Notice to do so should be given in accordance with the Governing Body/SchoolAcademy Trust Company and/or the Academy's Pension Policy. 12.4 13.4 A contracting-out certificate is in force which means that the TPS LGPS or other appropriate pension scheme applies in place of the SSPS (State Second Pension Scheme previously known as State Earnings Related Pensions Scheme (SERPS)). If You choose to opt-out of the TPS LGPS or other appropriate pension scheme You will cease to be contracted-out (save insofar as clause 12.3 13.3 applies) and, unless You take out Your own contracted-out personal pension, You will have to contribute to SSPSSERPS.

Appears in 1 contract

Sources: Employment Agreement