All new support staff employees should be enrolled into Investment Builder from the start of their employment. At the University this applies to all new contracts and appointments.
Opt out from the start
It is not possible to opt out in advance. There is no form for opting out from the start.
New joiners get a starter letter from Legal and General at their home address. Please make sure the address is accurate. This gives enrolment codes for their account.
Members who do not wish to join from the start should log on using the enrolment codes before the deadline given on the letter (about one month) and opt out. They will then get a refund through the payroll in due course.
Withdrawal after the deadline
After the deadline Investment Builder members can withdraw from the scheme by completing form OPT2DC (pdf) and sending it to the Pensions Office. Members withdrawing will NOT get a refund.
DB section members can withdraw by completing and returning form OPT2 (pdf) to the Pensions Office.