UK pension law is changing, and this could have an impact on your take home pay.
If you carry out work for The LSE from 1 July 2013 the School will have to assess if they should place you into a pension scheme. This includes staff members that are paid via yellow timesheets each month, and casual staff. Each month the earnings of all workers paid by The School will be checked to see if they should be entered into a qualifying pension scheme.
The Pension Team will send you a letter confirming the outcome of the assessment after 1 July 2013. You will receive a further letter each time your pension situation alters.
Will I be automatically enrolled into a workplace pension?
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The main schemes operated by the University are:
Members of USS and SAUL are automatically placed into an arrangement to participate in the schemes under the PensionPLUS contribution method, which reduces the amount of National Insurance contributions paid every month, resulting in higher take home pay.
OPT OUT forms are available from the scheme administrator's website:
All opt out forms should be returned direct to the pensions team in SAR2 (2nd floor, Sardinia House).
How do I find out more?
Or follow these useful links: