University Pension Schemes
The University administers 2 pension schemes: Lothian Pension Fund for Technical and Support Staff; and the Scottish Teachers Superannuation Scheme for Academic Staff. For new members both of these are CARE schemes (Career Average Revalued Earnings).
Lothian Pension Fund
Technical and Support Employees who are on contracts of more than 3 months automatically join the scheme. Employees on a shorter contract which is then extended to longer than 3 months will have the opportunity to back-date their contributions to their start date with the University.
Should you wish to opt out from the scheme, please complete the opt out form available from the LPF website and send the completed form to Payroll in room 5.B.29 Sighthill.
If you previously opted not to join the scheme, you can later become a member by emailing Payroll.
Edinburgh Napier University has discretion over some pension regulations, information regarding this can be found in the Discretions Policy.
Key Facts about Lothian Pension Fund
Employees contribution = Between 5.5 and 11.2% dependant on salary. See LPF website for current rates
Employers contribution = 20.4%
Retirement Age = optional from 55-65
Increased Benefits = Additional Voluntary Contributions, Free-Standing Additional Voluntary Contributions, Added Regular Contributions, Concurrent Schemes.
For more information please visit the Lothian Pension Fund
Scottish Teachers Superannuation Scheme
Academic employees on permanent or temporary contracts automatically join the scheme.
Should you wish to opt out from the scheme, please complete an opt out form available from the SPPA website and return to Payroll, Sighthill 5.B.29. If you do decide to opt-out of the STSS scheme, but later change your mind, you may apply to join at any time during your employment. Please email Payroll to confirm that you wish to opt in to the scheme.
Key Facts About the Scottish Teachers' Superannuation Scheme
Employees contribution = Between 7.2 and 11.9% dependant on salary. See SPPA website for current rates
Employers contribution = 23%
Retirement Age = from age 60
Premature Retirement (e.g. redundancy, efficiency exercise) = from age 50-59 actuarial reduction applies. This is at the employer's discretion.
Retirement Benefits = see website.
Increased Benefits = Additional Voluntary Contributions, Free-Standing Additional Voluntary Contributions, Past Added Years, Current Added Years.
For more information please visit the Scottish Teachers' Superannuation Scheme Website.