Pension Contribution Changes from 5 December 2016
The pension contribution rates of Enhance Construction Pension Scheme Northern Ireland are due to increase on 5 December 2016 as follows:
- Employer pension contributions will increase from 3% to 4% (or £10.24 whichever is higher).
- Employee pension contributions will increase from 4% to 5%.
Employees were advised of this change in their annual statement. If you have not already done so please email the scheme at firstname.lastname@example.org to confirm that you have communicated this change to your employees.
On 5 December 2016 the Scheme will change to an arrangement where if the employee does not contribute, there will be no employer contribution. The payment for death in service cover will not change.
Changes to Working Rule 6 & Standard Contract of Employment
As previously advised, the Joint Council for the Building & Civil Engineering Industry (Northern Ireland) promulgated changes to Working Rules 6 (Pension & Death Benefit) and the standard contract of employment. These changes are effective from 5 December 2016.
The Promulgation Notice, revised Working Rules Agreement and revised standard contract of employment can be accessed in the Resources section of the CEF website, once logged in to the Member Dashboard.