To help people save more for their retirement, the government requires employers to enrol their workers into a workplace pension scheme. This applies to those workers who aren’t already in one, and who
earn over £10,000 a year (£833 a month or £192 per week); and
are aged 22 or over; and
are under State Pension age.
Hanson UK is enrolling these workers into our workplace pension scheme on 1 August 2014.
Why is this happening?
The government’s aim is to get more people to have another income, on top of the State Pension, when they come to retire. The full basic State Pension in 2014-15 is £113.10 a week for a single person.
Employers are enrolling their workers automatically into a scheme to make it easier for people to start saving.
What you need to do now
If you want to stay in the pension scheme you don’t have to do anything. Your personal details will be passed to Capita Employee Benefits, and your pension will start building from your first payday after 1 August 2014, when the first pension payments will be made. You will be able to see this on your payslip.
Your pension is administered by Capita on behalf of the Trustees. If you have questions or requests they can be contacted by phone or email. They will be able assist you with changes and options available to you.
