... I queried with them why would they specifically offer this to me on an a 15 fixed term contract when it's not possible to achieve 2 years service...
In my opinion, they've retrospectively changed the terms of my employment, if I'd known this at the time I would have negotiated a higher salary or taken another job.
Did you transfer a previous occupational pension into this one before your contract ended? I believe if you did and the total length of the combined pensions was more than 2 years then you can avoid the 2 year minimum required to keep the employers contribution.They've reclaimed the 9 months of employers contributions they paid into to my pension.
So my end of employment pension options pack only includes what I personally paid into the pension scheme during my time at the company.
Another thing that often doesn't appear in these contracts is that you sometimes can't join the company pension plan for 3 or 6 months, and won't get employer contributions for that time. I got stung with this when I last moved jobs and it still annoys me.HR will use an employment contract template for all contracts and twig the salary etc. The wording in the contract is the same as I have seen in loads of contracts and pension booklets over the years. The 2 year vesting rarely appears in them.
Thanks everyone for all your replies.
I just need to clarify, I'm aware there is a two year rule/revenue restriction about being able to cash out the pension.
I've worked contracts before where I left with the employers contributions before two years and transferred it into my next employers pension.
In this case, my ex employer is unwilling to release the 9 months contributions they made after I passed probation. The pension provider said if the employer was willing to release the funds they'd adjust my options pack to include both mine and their contributions. So this is purely to do with the employer saying no.
This was a specific, fixed term contract, for a period of under 2 years. The employer knew this engagement was for less than 2 years, and yet, contracted to make pension contributions, for the benefit of the employee.
Companies often renew fixed-term contracts, so perhaps that employer contribution element does apply to others working there. Once a fixed term contractor is working more than 20 hours per week, they can't be excluded from joining a pension scheme, but as above, the employer is perfectly within their rights not to release their contribution.
The offer via email is not a contract. Full terms should have been provided subsequently and any queries resolved and confirmed in writing to form the contract of employment.
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