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Category: Business and Industry
Date Submitted: 01/20/2013 05:12 PM
Workplace pensions reform – detailed guidance
Postponement
An explanation of how to apply postponement
3
August 2012 v4.0
1
Employer duties and defining the workforce
2
Getting ready
3
Assessing the workforce
An introduction to the new employer duties
First steps to prepare for the new employer duties
How to identify the different categories of workers
3a – Postponement
3b – Transitional period for defined
benefit (DB) and hybrid schemes
3c – Having completed the assessment
4
Pension schemes
Pension schemes under the new employer duties
5
Automatic enrolment
6
Opting in and joining
7
Opting out
8
Safeguarding individuals
9
Keeping records
An explanation of the automatic enrolment process
How to process pension scheme membership
outside of the automatic enrolment process
How to process ‘opt outs’ from workers
who want to leave a pension scheme
The new safeguards for workers
Records that must be kept by law under the new
employer duties
a
About this
guidance
• This guidance is aimed at professional advisers
and employers with in-house pensions
professionals. Trustees, managers and pension
scheme providers should also familiarise
themselves with how postponement operates.
• This guidance is the second in a subset of
guidance on the assessment of a worker. The
process of making the assessment is described
in Detailed guidance no. 3 – Assessing the
workforce. To understand the content in this
guidance, employers should have already read
the following guidance in this series:
– Detailed guidance no. 1 –
Employer duties and defining the workforce
– Detailed guidance no. 2 –
Getting ready
– Detailed guidance no. 3 –
Assessing the workforce
• If an employer has an existing defined benefit
or hybrid pension scheme and the worker meets
certain conditions, the employer can choose to
defer assessment of that worker until the end of
a transitional...