Local Government Pension Scheme
All support staff are automatically enrolled in the Local Government Pension Scheme. Since 2014 this has been a Career average pension scheme payable when the employee reaches 67 years of age. The employer (Ronald Tree) and the employee both contribute to the scheme. In essence the benefit is 1/49th of your pensionable pay for each year worked.
If you wish to leave you can opt out within the first 3 months of your employment and you will receive a full refund of your contributions. If you opt out between 3 months and 2 years of the start of your employment you will receive a refund but this will be subject to income tax. If you have opted out you will be automatically re-enroled every three years.
For more information see the short guide attached or speak to Claire.
Staff should regularly check their pension forecast on the LGSS website.