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I am over the State retirement age and therefore do not pay NIC. Can I participate in PensionPlus?

April 26, 2017age NIC participate pay pensionplus retirement State

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I am over the State retirement age and therefore do not pay NIC. Can I participate in PensionPlus?

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If you are over the State retirement age (currently age 60 for women and 65 for men) you will not pay NIC on your earnings and as a result you will not benefit from any NIC savings through participating in PensionPlus. On the basis that you will not be disadvantaged by participating in PensionPlus and by doing so you will help generate savings for the University, you will automatically be included in PensionPlus unless you choose to opt out. Reaching state retirement age is a “Lifestyle Event” so you have the option to opt-out when you reach state retirement age if you continue working.