Grant Administration Guide - Pension Contribution Policy for Funded Posts

Date published: 07 February 2020

 

In April 2016 UK Central Government introduced the Compulsory Workplace Pension Scheme.  This meant that it was a statutory requirement for all employers to enroll employees to this scheme; the employee however has the option to opt out.  It also provided a level of employer contribution that was deemed reasonable and which was staged from 1% in 2016 to 3% in 2019/20.

Employees who had a pension contribution already funded at previous levels (up to 10%) would suffer a detriment if the Department introduced the new scheme and its minimum percentage contribution. In order to mitigate that detriment the Department would honour the existing contributions for as long as the employee remained employed by the existing organisation.

For those grant funded posts with no pension in place, and for any newly funded/created posts the Department recognised that it needed to promote the implementation of the scheme, and hence awarded the minimum percentage (1% – 3%), deemed as reasonable.

 

Details

Existing/Revised/New: Existing
Date of screening: 07/02/2020
Screening Outcome - Full EQIA recommended: No

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