The Mudcat Café TM
Thread #91083 Message #1730015
Posted By: Sarah the flute
29-Apr-06 - 01:01 PM
Thread Name: BS: UK Pensions Specialists
Subject: BS: UK Pensions Specialists
I know this is a long shot ....admitting to work in pensions!
Does anyone out there happen to know if under the new 2006 regulations published on A Day (6th April) allow you to have more than one scheme with the same employer running concurrently?
I work as a Librarian (supposedly support staff and therefore only have support staff pension) but also partly as a teacher and house tutor. Both my Library Post and the other bits are eligible now for the Teachers Pension Scheme but when I joined many years ago the TPS didn't admit Librarians. The school therefore say they can't pay contributions into 2 schemes and i've got to stay in the support staff one (even tho I'm head of an academic department and have a retirement age like the teachers of 60 not 65 like the scheme does - ie I'll have to retire "early" at 60 but luckily that's a long way off yet!).
Is it possible to get the employer to pay into both schemes at onece now. The regulations seem to say you can have more than one scheme concurrently but does that appl to occupational schemes with the same employer?
It would be good if it was allowed cos then I could just transfer everything out of the crap money purchase scheme into the final salary TPS on a regular basis.