Page 15 - Acorn - Your Tomorrow booklet

Company Enhanced Contribution Pension Policy
The Company believes in encouraging colleagues who aim to plan for the future whilst they are growing their careers with us. We want to support colleagues to feel that not only do we look after their wellbeing today, but we are partnering towards Your Tomorrow!
As a result of the 2022 benefits review, the Company has taken
the decision to introduce Enhanced Matched pension contributions
to help colleagues secure a plan for the future, in line with our Financial Wellbeing policy.
Any payments made in accordance with this scheme are made entirely at the discretion of the Company and in accordance with the rules
of the scheme as outlined below.
Pension (N.B. This is over a rolling 12 months)
Colleagues are auto-enrolled into the Pension following a qualifying length of service. Once this has been completed, should they wish to access
the enhanced contributions, they will need to ‘opt-in’ to this by completing the Enhanced Pension Payment Logbook on the HR system. This will
then be processed through your monthly salary deductions in the usual way by The Payroll Team.
Band 3
Basic statutory rules apply
Band 2
5% - Employee to match
Band 1
7% - Employee to match
Company Enhanced Contribution Pension Policy 15