*** Pensions: New Annual Benefit Statements to be issued by Capita.
Dear Barnet UNISON Members
Sadly the Annual Benefit Statement (ABS) issued by Capita Pensions service this September to LBB staff (not schools) was wrong.
We are urgently seeking confirmation as to when the updated ABS will be sent out as we are aware that the Pension Administration Service is being handed over to a new Company at the end of next month.
Members are understandably worried that if their ABS is wrong it will be hard chasing Capita for data once the service has been handed over to the new company.
Barnet UNISON has also been made aware of a number of other errors different to the one above and we are in contact with the Council on behalf of members to try to resolve these matters.
Lastly, it is important to note that the error that led to the inaccurate ABS being sent out to staff was a PAYROLL error.
The Payroll service is delivered by Capita out of the Belfast office. This service is not being handed to the new company.
Barnet UNISON is concerned that if pay roll errors continue then the Pension Service will not produce accurate Pension figures for members of the scheme. We have repeatedly raised this concern with the Council and will continue to do so for our members.