| |
Temporary period of pay reduction |
Redundancy |
| Pension |
Your employer pension contributions will continue based on 5% of your revised salary. You may if you wish adjust your own contribution through myHR portal. |
Employer and Employee Pension contributions into the CUK scheme will end on your last day of employment. |
| Life Assurance |
Any claim will be based on your pre 1 August salary. |
Eligibility for the scheme will end on your last day of employment. |
| Voluntary Life Assurance |
No change to your participation in the scheme, unless you decide to change or remove your election. Any claim will be based on your pre 1 August salary. |
Eligibility for the schemes will end on your last day of employment.. |
| Voluntary Dental scheme |
No change to your participation in the scheme, unless you decide to change or remove your election. |
| Holiday |
Your 2020 holiday accrual will remain whole and not be pro-rated down due to a reduction in hours. Your ‘working pattern’ on myHR portal will be adjusted to reflect your new working hours. |
The value of any outstanding holiday owing to you will be paid out in your final payment. If you have taken more holiday than you have accrued then the value of these days will be deducted from your final payment. |
| Cycle to Work |
No change to your participation in the scheme however a review of all salary sacrifice schemes will need to take place to ensure that your payment does not fall below minimum wage |
Eligibility for the scheme will end on your last day of employment. You will be required to pay any future outstanding gross salary sacrifice amounts as a lump sum from your final net salary payment. |
| Childcare Vouchers |
No change to your participation in the scheme however a review of all salary sacrifice schemes will need to take place to ensure that your salary does not fall below minimum wage |
Eligibility for the scheme will end on your last day of employment. If you wish to close your Edenred account indefinitely and have a balance of over £100 then you can apply to get a refund on your unused vouchers, subject to a £12 admin fee being charged. Any refund will go through payroll and appropriate tax and NI will be payable by the employee. |
| Perks at Work |
Your membership will be retained during this period |
Eligibility for the scheme will end on your last day of employment. |
| Employee Discounted Travel |
No change – you will continue to be able to book a cruise through this scheme. |
Eligibility for new bookings will end on your last day of employment. If you have already booked a future cruise then this will be honoured. If you wish to cancel your cruise then you will receive a refund within 14 days. |
| Holiday Trading |
If you have elected to purchase holiday, your deductions will continue through this period at the same monetary rate as previously. |
If you have elected to purchase holiday, then the repayments will be increased/decreased according to how much holiday has been taken and any balance will be adjusted against your final salary |
| Season Ticket Loans |
No change to your participation in the scheme however a review of all salary sacrifice schemes will need to take place to ensure that your payment does not fall below minimum wage |
Season ticket loans balance must be paid in full by the your last day of employment – this will rectified in your final payment. If you don’t wish to retain your season ticket then we will apply for a refund on your behalf and issue a separate payment to you once received. |
| Private Medical Insurance and Dental (for CUK07 and above) |
Your membership will be retained during this period. You should have received, via email, the new plan details which came into effect from 1 June 2020 |
Eligibility for the scheme will end on your last day of employment. |
| Employee Assistance Programme (EAP) |
Your membership will be retained during this period |
Eligibility for the scheme will end on your last day of employment. |
| |
|
|
