redundancy and pension contributions

minty777

If your made redundant and lets say you will get 3 months notice but instead of working the notice,the company pay you the 3 months.If your in the company pension scheme and lets say the company pays in £100 a month.Do the company still pay the £100 for each of the 3 month of your notice that you are not actually working OR do they pay you £300(3 x £100) as compensation?

asajj

The way I see it that they would pay it into the pot but I don't know the rules

Xbigman

Most employers pay a percentage of your salary in, not a set amount. You first need to check how they work out how much to pay.




Darren

minty777

Xbigman wrote: »

Most employers pay a percentage of your salary in, not a set amount. You first need to check how they work out how much to pay.




Darren

The one in question is a set monthly contribution that is only changed every 12 month,

Xbigman

I don't think anyone can give you a definitive answer but I suspect you will only get the pension contribution on the trigger date and not on future trigger dates that you don't work.
Only your employer can tell you which it is.




Darren

minty777

Is there a maximum period of time after redundancy that the pension scheme have to send you all the details and options you have.Not had anything yet,last date as an employee 31/12/2016.

p00hsticks

minty777 wrote: »

Is there a maximum period of time after redundancy that the pension scheme have to send you all the details and options you have.Not had anything yet,last date as an employee 31/12/2016.

I think it will depend on the terms of the particular pension scheme.

What sort of details are you expecting ?
Redundancy suggests more than two years service, so a refund of contributions wouldn't be on the table. By default the pension would be deferred. You might be able to transfer your pension to a new pension scheme, but that's as much down to the rules of the new scheme as the old one, and your old employer wouldn't know that.