Members of the Superannuation Arrangements of the University of London (SAUL) and staff eligible to join this pension scheme are invited to offer their views on proposed changes to the scheme. The changes aim to ensure that SAUL continues to offer high quality, affordable and sustainable benefits. During the period 10 January to 9 March the College, along with all other SAUL employers, is seeking input to the consultation. There are minimal changes proposed for current members. For new members changes include earning a pension on a Career Average Revalued Earnings (CARE) basis and the introduction of the normal pension age of 65. Member contribution rates will remain at 6% for current and new members; employer contribution rates remain at 13%.
For full details and to offer your views, visit: http://www.saul.org.uk/changes.html