Opting out of the Plan

If the Company places you in the Auto-Enrolment Section but you do not want to be a member of the Plan, you can opt out.

You can opt out at any time within 30 days of the date you receive your policy documentation and you will be treated as if you had never been a member. To do this, you need to complete an Opt Out Form, which is available from the Plan administrators.

If you opt out:

• you will lose the Company’s contributions
• you will not be building up retirement savings in the Plan

If you are thinking of opting out of the Plan, please read this document carefully.

If you opt out more than 30 days after receiving your policy documentation, you will be treated in the same way as a member of the Main Section who leaves the Company.

If you opt out or stop contributions and do not re-join the Plan while employed by the Company, current regulations state that the Company must automatically enrol you again every three years if you are an eligible employee.

The Company will advise you if this happens. If you are automatically enrolled again you will be able to opt out if you still do not want to be a member of the Plan.