Barnet UNISON: Urgent Pension information update 26 October 2018

Barnet UNISON: Urgent Pension information update 26 October 2018

Dear member

Once again our Pension Administration service has failed and had to be reported to the Pensions Regulator.

“The London Borough of Barnet Council has reported itself to the Pensions Regulator after failing to produce 447 pension benefit statements on time.”

http://www.pensions-expert.com/DB-Derisking/Barnet-in-TPR-breach-as-Capita-misses-payments

This is second year in a row that this has happened.

Barnet UNISON has never known things to be this bad.

The in-house service never had these problems.

Furthermore the article reports:

“The committee also said that outsourcer Capita, which carries out a variety of services for the council and is the pension scheme’s own administrator, has failed to make requisite deficit contributions for the 2017-18 and 2018-19 periods of more than £2m.”

What does this mean?

It means that Capita have apparently not paid any Pension contributions to their own Barnet Capita workforce (CSG and RE) for the past 18 months.

What has Barnet UNISON done?

Barnet UNISON wrote to Mark Dally and John Hooton Chief Executive on 23 October seeking urgent conformation that the pension contributions will be paid immediately and that a communication to all staff is sent confirming that all contributions have been made.

Update:

As of today Friday 26 October 2018 we have not had confirmation that any Pensions contributions to the workforce have been made.

What you can do.

Please check your payslips. You should have a section on your payslip which shows your Pension contribution for that month. Please check to see if you can see if the Employers contribution has been identified. The period that you need to check is for 2017/2018 and 2018/19 to date.

 

If you have any concerns about your Pension and would like a one to one meeting please contact the Barnet UNISON office on 0208 359 2088 or email contactus@barnetunison.org.uk