A little advice, people? [Pensions]
Jan. 28th, 2011 08:46 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
desperanceSo I have the contract and the paperwork from the university, at which (for those not playing along) I have a few hours' employment this semester. And I do mean a few.
One of the changes since last I did this, apparently part-time hourly-paid teachers now qualify for the pension scheme. And have to opt out, or will be opted in.
Do I want to opt out?
Technically, I have just these few hours, just this semester. That may be it. On the other hand, they may come back to me next semester, and the one after, and... If I did this for ten years, I might accumulate enough hours to qualify for an actual pension. Which would be minimal, but still.
Or if I just did it for a couple of years, I could shift any accumulated pot into my equally-minimal personal pension, maybe. I dunno how that works, if it works.
Or I could just opt out, and not pay 6% of my earnings.
This is of course the first time I've been confronted by a pension scheme with employer contributions, and I Do Not Know What To Do.
Halp?
One of the changes since last I did this, apparently part-time hourly-paid teachers now qualify for the pension scheme. And have to opt out, or will be opted in.
Do I want to opt out?
Technically, I have just these few hours, just this semester. That may be it. On the other hand, they may come back to me next semester, and the one after, and... If I did this for ten years, I might accumulate enough hours to qualify for an actual pension. Which would be minimal, but still.
Or if I just did it for a couple of years, I could shift any accumulated pot into my equally-minimal personal pension, maybe. I dunno how that works, if it works.
Or I could just opt out, and not pay 6% of my earnings.
This is of course the first time I've been confronted by a pension scheme with employer contributions, and I Do Not Know What To Do.
Halp?