05 March 2010

Pay Plus for pensions: Anniversary event

Pay plus for pensions was launched in 2008. Staff and University departments or project budgets are now making regular savings through reduced National Insurance contributions.

The individual savings for staff and their department or project budget can be seen on the Pay Plus for pensions calculator at www.shef.ac.uk/hr/reward/mybenefits/payplus/pensions/calculator.html.

Staff are reminded that the arrangements for the Pay Plus for pensions scheme include an annual opportunity, in April each year, for pension scheme members to decide to opt into or out of the scheme.

Should staff wish to change their current arrangements and opt into or out of Pay Plus for pensions, they should complete the relevant form from the Pay Plus for pensions website at www.sheffield.ac.uk/payplus/pensions, and return it to Human Resources by 31 March 2010.

If you have any queries about Pay Plus for pensions, please contact the Pay Plus helpline on 0114 22 21495, or payplus@sheffield.ac.uk.