Pensions - automatic enrolment Sample Clauses
The 'Pensions - automatic enrolment' clause requires employers to automatically enroll eligible employees into a workplace pension scheme. This means that, unless an employee actively opts out, the employer must set up pension contributions for them, deducting a portion of their salary and adding an employer contribution as well. The core function of this clause is to ensure that employees are saving for retirement by default, addressing the problem of under-saving and helping employees build financial security for the future.
Pensions - automatic enrolment. 4.1. The Employer remains responsible for automatically enrolling the employee under legislation.
Pensions - automatic enrolment. For the first twelve weeks of each Assignment the Service Provider shall, in accordance with the Pensions Act 2008, be responsible for paying the employer’s pensions contribution in respect of eligible Temporary Workers. From the thirteenth week of each Assignment where the Temporary Worker has not opted out of pensions automatic enrolment the Service Provider shall levy a charge on the Contracting Body in respect of the employer’s contribution calculated as the appropriate percentage of the Temporary Worker Day Rate for each day worked under the Assignment by the Temporary Worker. These charges shall be shown as a separate line item on each invoice to the Contracting Body. Portal Licence Fee