A pension is a long-term savings plan designed to provide you with an income in later life when you no longer work, or have started to reduce how much you work.
The College offers three workplace pension schemes to its eligible staff and casual workers. Which scheme you are eligible for depends on your job and grade and will usually be found in your contract of employment. The College is legally required to automatically enrol eligible staff into a pension scheme, but after this has happened you are able to opt-out. We must carry out this process every three years so you may find you that you are put back in the pension scheme at a later date. You have the choice of opting out each time this happens.
Carey Southward, our Head of Pensions, answers some common pension questions in this video.