Information about some of the pension schemes for past and present RSC employees.
New employees - PENSION AUTOMATIC ENROLMENT
To help people save more for their retirement, the government now requires employers to enrol their workers into a qualifying workplace pension scheme. This applies to all workers who are not already a member of a qualifying workplace pension and who:
- earn over £10,000 a year £833 a month, £192 per week
- are aged 22 or over
- work or usually work in the UK
- are under State Pension age.
We offer all staff the opportunity to save for a pension, starting with relatively low contributions. These build over the next five years allowing new members to have a gradual start to building their pension.
We have committed to paying higher employer contributions than required by law and also offer employees (after three months) the opportunity to move to an enhanced contribution basis of 4% employee and 6% employer, even in the early years of lower minimum statutory rates.
If you're eligible: as well as your own contribution going into your pension fund, we will make a contribution, based on your pensionable salary, and your contributions will also receive tax relief. You can also join the workplace pension scheme with NOW Pensions before the deferral date if you want to.
If you're not eligible: if you are aged under 22 years, or over State Pension age (but under 75), or earn more than £5,772 (£481 a month, £111 per week) but not more than £10,000 a year (£833 a month, £192 per week), we won't automatically enrolling you into the pension scheme, because you don't meet the criteria set by the government, but you have the right to join the scheme if you want to. Both you and the RSC would pay into it.
Royal Shakespeare Theatre Retirement Benefit Scheme
The Royal Shakespeare Theatre Pension Scheme
Scheme Registration No. 10127867
This information relates to the Royal Shakespeare Theatre Retirement Benefit scheme only (closed to new members in 2006).
This is a defined benefit scheme, set up to provide retirement benefits for RSC employees. It is governed by a definitive trust deed dated 20 April 1999.
In March 2003 the sponsoring employer advised the Trustees that until further notice it would decline to approve the admission of any new entrants to the scheme. Subsequently, and with effect from 30 June 2012, the Trustees approved the sponsoring employer's decision to close the scheme to further accrual of benefits for existing members.
Queries relating to members’ own benefits, should be made to:
1 Colmore Row
0121 752 6610 or firstname.lastname@example.org.
Requests for additional information about the scheme generally should be made to the Scheme Secretary:
Royal Shakespeare Theatre
Stratford upon Avon