Pension 'holiday'. Some people have req ...

Kirstie MacKenzie

• April 15, 2020 00:00

Pension 'holiday'. Some people have requested to take a 2-3 month pension holiday. Does Fourth have the capacity for us to set dates or do we need to 'un-enrol' and then 2-3 months later re-enrol them? Many thanks

0

Download Our App

Comments

1 comment

Sort by Date Votes

• 

  Louise Wilson

  • April 15, 2020 00:00

  Hi @Kirstie MacKenzie​ 

   

  I hope you are well.

   

  Essentially the employees are asking to cease their pension contributions. Employees can Opt out/ Cease contributions (depending upon their circumstances) at any time. The employee can opt back into the pension scheme once they are ready to begin contributing again.

   

  There is no 'pension holiday' functionality.

   

  Many Thanks

   

  Louise Wilson

  0

Please sign in to leave a comment.