Membership of the Scheme is not a compulsory part of employment with the Company. As a member of the Scheme, you can opt out at any time.

You will be required to give the Company four weeks' written notice of your intention to leave the Scheme.

If you decide to opt out:

• You will lose the benefit of the Company’s commitment to meet the balance of the cost of future pension provision under the Scheme;
• You will have to pay higher National Insurance contributions;
• You will lose the protection provided by the Scheme to you and your family in the event of your death in service;
• You will lose the protection provided by the Scheme to you and your family in the event of your early retirement from the Company on account of ill-health; and
• You will lose a pension linked to your future earnings and service.

The decision to opt out is yours alone but you should give careful consideration before doing this and you may wish to consult with an independent financial adviser.

Downloads

To view any pdf files you will need Adobe Acrobat version 5.0 or above installed on your computer. You can download this free plugin by clicking here.

Opt Out Form

7.56KB

14/04/2008

Download