30 Oct 2014, Time:15:07

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Opting Out of the Scheme


You can choose to leave the pension scheme at any time during your employment, although you should carefully consider the benefits that you are giving up. An alternative to opting-out of the pension scheme, is to join the 50/50 section of scheme whereby you pay half the contributions to receive half the benefits (with some exceptions)

If you decide to opt out of the scheme, you will need to complete an opt out form and send it to your employer.

If you opt out of the scheme within 3 months, you should have your contributions refunded through your payroll. If you opt out between 3 months and 2 years you may be entitled to refund or a deferred benefit.

If you opt out after 2 years, you will have the same choices as a leaver with more than 2 years service.

For more information please contact us

Wiltshire Pension Fund logo Wiltshire Pension Fund, Wiltshire Council, County Hall, Bythesea Road, Trowbridge, Wiltshire, BA14 8JN. Tel: 01225 713613 Email: pensionenquiries@wiltshire.gov.uk
© 2009 Wiltshire Pension Fund.