If you decide that you do not want to be a member of the Fund, you can opt out. To opt out you need to complete an Opt-out form. If you do not have access to a printer, you can request a paper version from Nestlé Pensions by email or by phone on (0208) 667 6363. Complete, sign and return the form to Nestlé Pensions, 1 City Place, Gatwick, RH6 0PA. Alternatively, we will accept a scanned version of your completed, signed form by email to: email@example.com.
The opt-out period is a defined period under the automatic enrolment legislation.
Your opt-out begins on either:
to join DC Core during your first 90 days of employment.
at which we receive your Opt-in form if you apply to re-join the Fund by choice.
at which we are required to re-enrol you under automatic enrolment if you meet the automatic enrolment criteria.
because you did not meet the automatic enrolment criteria, the date at which we are required to
enrol you in the Fund because you now meet the automatic enrolment criteria.
Payroll cut-off is normally on or around the 9th of each month – if the 9th falls at a weekend, the cut-off will be earlier.
Opt-out period closes
Your opt-out period closes:
If you are "contractually enrolled" into the Fund and are a member of DC Start or DC Core:
If you are automatically enrolled into the Fund:
If you opt out, you will be able to re-join DC Start at any time. All you need to do is complete, sign and return an Opt-in form to Nestlé Pensions. You will then have opportunities on a quarterly basis to move up to DC Core.
The government has specified that every three years employers must re-enrol employees who have opted out. This means that if you opt out of the Fund and remain employed by Nestlé, you may be automatically enrolled again in the future. You are only able to opt out of the Fund in respect of your current employment. This means that if you change jobs and move to a job with another Nestlé group company in the UK, we may have to automatically enrol you again. In either case, before we do this, we will write to let you know what’s happening and what your options are.