|
|
We have been informed that there has been a change in the early retirement factors with effect from 3 July 2023. These changes will likely mean an increase to member benefits but will also have an effect on all strain costs where the retirement date is after 2nd July 2023.
Ill Health estimates will continue to be processed but any pension estimate calculations which will result in a strain cost have now been placed on hold until our software supplier can provide an update to our pensions database system, expected within 2 weeks.
|
 We will, however, continue with preliminary checks relating to pay, hours provided within the request against information held on our database
We apologise for any inconvenience caused by this delay but can assure you we will process your request as soon as we are able.
|
|
|
Keep us updated with any changes in staff responsible for completing our forms (authorised signatories). This can be done by completing our online form.
Payment of Pension Fund Contributions - please remember to inform us and the relevant Finance team each time you have paid your pension scheme contributions, by filling in the Monthly Contributions Form.
If you are changing your Payroll Provider, please contact the Employer & Communications Team so that we can help you through the process and make sure you retain access to historical payroll information.
TUPEs & New Academies - Please do not complete the leaver spreadsheet if members are leaving your employment and transferring to another employer under TUPE. Follow the process outlined on our website instead.
|
|
Peninsula Pensions
Great Moor House
Bittern Road
Sowton Industrial Estate
Exeter EX2 7NL
Tel: 01392 383200
Peninsula Pensions is provided by Devon County Council and is a shared service with Somerset Council |
|
|
|
