The University automatically enters all new members of staff into the relevant pension scheme from your date of joining. The pension scheme you are entered into is detailed in your contract of employment and pension contributions will start to be made straight away.
The University runs a salary optimising scheme (previously known as salary sacrifice) called “PensionsPlus” (.pdf). This is not a pension scheme in itself but an efficient way of paying into your existing pension scheme.
When you join PensionsPlus (.pdf) you agree to reduce your gross contractual salary by the value of your pension contributions. You don't pay your contributions directly. As your gross salary is lower, the amount that both you and the University pay in National Insurance (NI) contributions reduces. As your NI contributions decrease, your take-home pay increases.
All new members of staff are automatically entered into the PensionsPlus (.pdf) scheme unless the value of the salary sacrifice takes your pay under the National Minimum wage or out of paying National Insurance.
Many advisers offer an initial 'no-obligation' consultation. You should take the opportunity to shop around to find one that suits you best before making a commitment. We recommend you choose an adviser who has the highest level of qualification, which is 'Chartered' status.
This website aims to summarise the provision of the pension schemes at the University of Essex. If there are any discrepancies the pension scheme rules override this information. The information on our website should be treated as general guidance only and not as definite financial/professional advice. Neither SAUL, USS nor University of Essex staff are registered to provide you with financial advice. They can provide information about the schemes and potential options only.
University of Essex Campus Services or Wivenhoe House Hotel Limited pension arrangements