More Pensions Red Tape
20th October 2016Pensions Automatic Enrolment: + 3 years = re-enrolment.
Although some clients are still only just staging for pensions auto-enrolment, with many still to stage, auto-enrolment has been in place for larger employers since October 2012. This means that most employers are due, or have already had to go, through re-enrolment. Re-enrolment is something that all employers must go through every 3 years after the initial staging date, effectively going through the same process again. So for all employees who opted out or chose to cease active membership, they will be required to be reassessed again and enrolled into a pension scheme if they are eligible. If employees still wish to be removed from the scheme, they will have to ask to opt out again.
Remember – it is illegal to do anything that may appear to incentivise your employees to leave the scheme.
Disclaimer - All information in this post was correct at time of writing.
