Retirement Savings Plan

• The Retirement Savings Plan – the Plan – offers colleagues an alternative way to save for their retirement.
• There are other valuable benefits for members of the Plan such as Income Protection and Life Assurance (Death in service) 
• The Plan offers colleagues flexibility and choice of how much they contribute to the Plan. NTU will also pay contributions to your Plan depending on how much you contribute, up to a maximum of 12%.  
• You can even contribute 0% and NTU will contribute 8% into your plan.
• You can choose how to invest your pension fund if you wish to.
• There are a number of options at retirement, as well as benefits for dependants and beneficiaries.
• The pension fund is ‘portable’ so you can take it with you if you leave NTU.

Please note: Colleagues can only be a member of one workplace pension scheme — if you wish to join the RSP you'll need to opt out of your current contractual pension scheme, e.g., the Local Government Pension Scheme (LGPS) or the Teachers’ Pension Scheme (TPS).