Overview of Temporary Enrolment to the 50/50 Section

An employee’s request to enrol temporarily in the 50/50 section of the main scheme is administered using their Benefits and Pensions card.

It is a user responsibility to:

• Determine an employee’s eligibility to join the 50/50 section.
• Specify the date on which they join and leave the 50/50 section.
• Stop any additional pension scheme contributions that aren’t payable under the 50/50 rules.

You can action an employee’s movement into or out of the 50/50 section in the first available payroll run following their notification. As of the first day of the pay period following notification, the employee’s main scheme contribution rate is halved. The employer rate remains unchanged between both sections of the main scheme.

The contributions for an employee on reduced pay is made using their actual pensionable pay (if any) and not on assumed pensionable pay. Once in the 50/50 section, an employee’s pensionable earnings (plus assumed pensionable pay) are accrued into balance Pensionable Pay CPP2.

Once an employee has notified their employer of their intention to return to the main scheme, the usual contribution rates resume on the first day of the payroll period following the notification. You can also resume the existing additional pension scheme contributions that ceased temporarily, unless the member elects to terminate the contract for a particular contribution type.