New government legislation relating to workplace pensions requires that all employers automatically enrol specific groups of their workers into a pension scheme. For Royal Holloway, the date from which auto enrolment was implemented was 1st August 2013.
This applies to those employees who aren’t already in a pension scheme and who:
- earn over £10,000 a year (£833 a month);and
- are aged 22 or over; and
- are under State Pension age.
Employees who do not meet the above criteria can still choose to opt in to the pension scheme if they want to.