Opt Out Declaration
If you stay opted out, your employer will normally put you back into the TPI Pension approximately three years from the date they have to comply with the automatic enrolment provisions for the Pensions Act 2008.
If you change your employer, your new employer will normally put you back into their pension scheme straight away. Your employer can’t ask you to or force you to opt out of the TPI Pension. If you are asked or forced to opt out, you can tell The Pensions Regulator by visiting their website at www.thepensionsregulator.gov.uk.
Equally, no one can force you to remain a member of the Scheme but, if you elect not to be a member, you should understand the implications for both you and your dependants. If you change your mind, you will be able to opt back in – you will need to write to your employer if you want to do this.
If you have another job, your other employer might also contribute to your pension savings, now or in the future. This notice only allows you to opt out of the above mentioned pension scheme. A separate notice must be filled out and again given to any other employer who you work for, if you wish to opt out of that pension scheme as well.
Declaration
If you still wish to opt out of the TPI Pension, please sign and return the attached document below to confirm you have read the accompanying information and understand that the choices you make now are important in planning for your retirement. I confirm that I wish to opt out of the TPI Pension. By doing so, I understand that I may have a lower income when I retire. I further understand that if I opt out of the TPI Pension, I will be losing out on pension contributions from my employer.
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