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Automatic enrolment

Earnings and automatic enrolment

You will be automatically enrolled if you meet the automatic enrolment criteria. This includes your earnings being over £769 in a four-weekly pay period (equivalent to £10,000 a year) in 2016/17.

Here we answer the questions you may have about earnings and automatic enrolment, for example if you work overtime or your earnings change regularly.

What counts as earnings for the automatic enrolment criteria?

This is any amount paid to you by the Co-op, including your salary, four-weekly pay, wages, overtime, allowances, commission and bonuses (including any employee member bonus).

Contributions to Pace DC

Please note that although the automatic enrolment criteria uses your earnings as explained above, contributions to Pace DC are based on your Pay; this is sometimes known as your ‘Pensionable Earnings’. Pay means your basic pay, plus overtime and any other payments that are pensionable, excluding any bonus payments.

What if my earnings change every pay period?

If you meet the automatic enrolment criteria, which includes your earnings being over £769 in a four-weekly pay period, then you will be automatically enrolled approximately three months later (if you still meet all the criteria).

If your earnings fall below £769 in a four-weekly pay period between the time you first meet the automatic enrolment criteria and when you are due to be automatically enrolled (approximately three months later), then you will not be automatically enrolled into Pace DC. If this happens, the Co-op will write to you to let you know.

Can I join Pace DC if I don’t meet the automatic enrolment criteria?

Yes, you can join Pace DC at any time even if you don’t meet the automatic enrolment criteria.

Find out more about joining in the ‘Joining Pace DC’ section.

Will I stop contributing if my earnings fall and I no longer meet the criteria?

No, you will continue to be a Pace DC member and pay contributions unless you choose to opt out.

Does the amount of earnings you need to meet the automatic enrolment criteria change?

Yes, the government will review the amount of earnings you need to meet the automatic enrolment criteria every year. Any changes will be made in April.

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