WFM UK: Opting an Employee into a Pension Scheme

Overview

The process of opting an employee into a Pension Scheme will need to be followed if an eligible job holder or non-eligible job holder wishes to join the Pension scheme during a postponement period. 

This process will also need to be followed if a non-eligible job holder wishes to join the Pension Scheme at any time.

For all Pensions related articles, please see WFM UK - Pensions: Article Contents Page.

Opting an Employee Into a Pension Scheme

To opt an employee in to a Pension Scheme select the employee’s Pension record:
 

• To do so, go to Pensions > Employees > Employee List > select the required Employee
• Select Employee Pension Info > Job Holder Status
• Then select Opt In / Opt Out Information

The top half of the screen relates to the opt-in information.
 

Fig.1 - Opt In/Opt Out Information

• Once a valid opt-in notice is received, enter the date in the Date Valid Pension Notice Received date field 

• When entered, the page will expand and the two fields for Opt-In Enrolment Date and Date Opt-In Enrolment Date First Applies will automatically populate with the first day of the next pay reference period after the cut off

Fig.2 - Opt In Dates

The system will know from the Pay Basis set-up when the Payroll cut-off date is, in accordance with your Bureau Timetable.

Please Note: If the date which the notice is received on is after the Payroll cut-off date, the next two fields will automatically calculate the pay reference period start date of the Payroll that falls in two period’s time.

To view the Employee Pension Record:

• Go to Pensions > Employees > Employee List > search and select Employee > Employee Pension Info > Pensions

Fig.3 - Employee Pension Record

When the Enrolment date is reached, the employee will have a pension record automatically created and a deduction taken.