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RMG : Pension automatic enrolment - Legal requirement will affect certain employees

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POSTMAN
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RMG : Pension automatic enrolment - Legal requirement will affect certain employees

Post by POSTMAN »

RM Communications

Pension automatic enrolment - Legal requirement will affect certain employees

If you’re not a member of a Royal Mail pension plan, you may be automatically enrolled into the Royal Mail Defined Contribution Plan (RMDCP) next year.

We are required by law to automatically enrol certain employees into a workplace pension scheme every three years, if they meet certain criteria. This is even if they have previously opted out of (or are receiving pension benefits from) a Royal Mail pension plan.

Legal requirement

In 2013, 2016 and 2019, to comply with the law, Royal Mail Group automatically enrolled certain employees into the RMDCP. From the expected enrolment date of 17 January 2022, we are legally required to automatically enrol or re-enrol certain employees into the RMDCP.

If you are not currently a member of a Royal Mail pension plan, you may be enrolled into the RMDCP on the expected enrolment date of 17 January 2022.

More information

We are writing to all employees (over age 22 and under State Pension Age) who are not a member of a Royal Mail pension plan. They will receive a letter and more information about pension automatic enrolment at their home address from early December.

If you are affected, you do not need to take any action at this stage, unless you wish to join the RMDCP earlier than the expected enrolment date of 17 January 2022. Further information will be in the December letter and in the enrolment pack in January 2022.
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renrag40
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Re: RMG : Pension automatic enrolment - Legal requirement will affect certain employees

Post by renrag40 »

Excellent! :Applause :Applause :Applause
Then 7 months later close the scheme and move the people over to another pension scheme that they will more than likely not want to be in.
What a result for these people :thumbup
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Jefferson Starfish
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Re: RMG : Pension automatic enrolment - Legal requirement will affect certain employees

Post by Jefferson Starfish »

renrag40 wrote: ↑
21 Dec 2021, 00:54
 Excellent! :Applause :Applause :Applause
Then 7 months later close the scheme and move the people over to another pension scheme that they will more than likely not want to be in.
What a result for these people :thumbup
If they've opted out previously they probably don't know how valuable pensions can be anyway.
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