Under government legislation, Nestlé has an obligation to enrol its employees into a workplace pension scheme which meets government standards (a 'Qualifying scheme').
If you are a new recruit and don’t do anything to join the Fund during your first 90 days of employment, we will enrol you into DC Start on your 91st day of employment under the terms of your contract of employment (irrespective of your age and earnings). As allowed by law, this is 90 days after the date at which we are first required to enrol you.
If you choose to join the Fund by choice during your first 90 days you are also considered to be “contractually enrolled” in the Fund.
There are two different ways in which employers can comply with the automatic enrolment legislation for pensions – contractual enrolment and automatic enrolment.
Where pension membership is a condition of employment under the terms of the employee’s contract of employment. Under contractual enrolment, all employees are enrolled into the pension scheme. This is the method that Nestlé has chosen to use for all new employees joining Nestlé from 1 May 2013 onwards.
Where the employer is only required to enrol those employees who meet the age and earnings criteria defined by the automatic enrolment legislation. This may apply to you in the future if you opt out of the Fund or were an existing employee at 1 May 2013 and have never been in the Fund because you did not meet the criteria for automatic enrolment.
If you joined or were enrolled into the Fund previously and have opted out, you may be enrolled into the Fund again in the future, depending on your circumstances. The government has specified that employers must re-enrol employees who have opted out of pension saving every three years. In some cases, it could be sooner than three years – for example, if you are under 22 OR earn less than the earnings threshold for automatic enrolment, we will monitor your circumstances every month. If you meet the criteria for automatic enrolment in the future, we will have to enrol you into the Fund. If this happens, we will write to you with all the information you need, including the date you will be enrolled.
If you were an existing employee before 1 May 2013, were not automatically enrolled on 1 August 2013 because you did not meet the criteria and have still not joined the Fund, we will monitor your circumstances every month. If you meet the criteria for automatic enrolment in the future, we will have to enrol you into the Fund. If this happens, we will write to you with all the information you need, including the date you will be enrolled.
In all cases, if you are enrolled into the Fund, you will be able to opt out if you decide that you do not want to save for your retirement.
Will I be re-enrolled?
If you are not a member of the Fund, work or usually work in the UK and, at the date that we next have to assess you for automatic enrolment, are:
Between age 22 and State Pension Age AND earning more than £10,000 a year (£833 a month) in 2018/19
You will be automatically enrolled into DC Start. Both you and Nestlé will contribute to DC Start on your behalf every month. You have the right to join the Fund before being automatically enrolled, if you wish.
Under age 22 OR over State Pension Age (but under age 75) OR earning between £5,876 and £10,000 a year (£490 and £833 a month) in 2018/19.
You will not be automatically enrolled, but you will have the right to join the Fund if you wish. If you choose to join, both you and Nestlé will contribute to the Fund on your behalf each month, helping you to save more for retirement.
Under age 75 AND earning less than £5,876 a year (£490 a month) in 2018/19
You will not be automatically enrolled, but you will be able to ask to join the Fund if you wish. If you choose to join, both you and Nestlé will contribute to the Fund on your behalf each month, helping you to save more for retirement.