Temporarily reducing hours
Can I take my pension and reduce my hours
If you are thinking of reducing your hours of work and accessing some of
your pension whilst you continue to work, this is called flexible
retirement. You can apply for this, if
you are willing to make a permanent change to your contract and you meet the
eligibility criteria as outlined by the pension provider. If you have any questions regarding flexible
retirement options, please contact Lee
Conlan, Head of Reward.
Will my workload reduce?
reduce your working hours, then your workload should reduce by a proportional
amount. You will need to discuss this
with your manager so that they can agree what elements of your current workload
would need to be prioritised if you reduce your hours.
Increments & Cost of Living Increases
increments due to be paid or cost of living increases will be applied as normal
and your salary will be adjusted based on your working hours.
What happens to my pension?
pension contributions and the employer’s pensions contributions will be
adjusted accordingly based on your temporary hours of work. You are able to purchase additional
voluntary pension contributions to mitigate against this or seek financial
advice around the impact from Tilney or your own financial adviser.
Will I be able to return to my normal
the period specified, you would return back to your normal working hours and
pattern, or you can apply to make a permanent reduction in hours through the
University’s Flexible Working Policy.
Will my holiday entitlement remain the
the period of reduced hours, your holiday entitlement will be calculated on a
pro-rata basis, based on your hours of work.