2017-10-25
Message from the Trustees of the EDS Retirement Plan & EDS 1994 Pension Scheme (the 'Plans')
As a member of the Plans, you were 'contracted out' of the State Second Pension (S2P), and possibly the previous State Earnings Related Pension Scheme (SERPS). From April 2016 the Government replaced the current two tier pension system, of Basic State Pension and State Second Pension, with a new Single Tier pension and it was no longer possible for schemes to 'contract out'. You will already have been contacted by the Company, that as a result of these changes in legislation, it is no longer possible for the Plans, or any pension plan, to contract out. The Trustees are required to separately inform Plan members that they ceased to be contracted out under the EDS Pension Scheme with effect from 5 April 2016. This change only affects future pension entitlement from 6 April 2016 and it therefore only affects active members of the Plans.
There is no need for any action on your part following this message.
