southampton

The Scheme

The Scheme is administered by Trustees in accordance with the Trust Deed and Rules.

There must be seven or more Trustees, including:

Three University nominated Trustees (the University Trustees*);
Three Scheme members who are ‘in service’ and who are elected by the Members and Pensioners (the Member Trustees) and;
An Independent Trustee*
*The University is responsible for appointing and removing University Trustees and the Independent Trustee.

February 2024 - Points of interest and QA session on Pensions and PASNAS

The session was recorded and is available below along with a transcript of the recording and the briefing presentation.

PASNAS briefing - transcript PASNAS briefing - presentation

Eligibility

PASNAS closed to new members from 1/1/2019.

Members of the scheme at 31/12/2018 are eligible to continue their membership if:

they are an employee of the University; and
they are employed at levels 1-3; and
they are employed on a permanent or fixed term contract of at least 12 months; and
they are aged 20 or over but under age 64; and
they work more than 5 hours per week.

How much do members contribute to the pension scheme?

The current contribution rates are as follows:

Employee contributions: 7.20%
Employer contributions: 15.60%
Total contributions: 22.80%

Do I have to stay in PASNAS?

You can opt out of the scheme at any stage of your membership. However, to comply with pension auto enrolment legislation you will be enrolled back into a pension scheme at each 3rd year anniversary of the University of Southampton’s staging date. You will not be enrolled back into PASNAS.

Please contact [email protected] if you would like to opt out of the scheme

Can I join or rejoin PASNAS?

No. The scheme closed to new members on 1/1/2019

What happens if I opt out of PASNAS?

If you decide to opt out of PASNAS you will not accrue a pension for retirement or be covered by life assurance if you were to die while employed by the University.

Remember:

The University cannot ask you, force you or offer you incentives to opt out of the pension scheme.
If you are asked or forced to opt out, you can tell The Pensions Regulator – visit: www.thepensionsregulator.gov.uk .
If you change your mind you will not be able to opt back in to PASNAS. You may be able to join one of the University's other pension schemes.
If you stay opted out you will normally be enrolled back into a pension scheme at each three year anniversary of the University's Auto Enrolment staging date.
If you leave the University your new employer will normally enrol you into its pension scheme.
If you have another job, your other employer will normally also enrol into its pension scheme.

Can I transfer my benefits from my previous pensions scheme?

It is possible for PASNAS members to transfer benefits from a previous pension arrangement into the scheme.

If you would like the Pensions Office to investigate a transfer, please complete and return the PASNAS Transfer of Benefits form .

PASNAS is a final salary pension and life assurance scheme provided and administered by the University of Southampton for its employees. The scheme closed to new members on 1/1/2019.

PASNAS Consultation 2022

Please select the buttons below to view the PASNAS member consultation notice and to complete the PASNAS consultation member questionnaire.

Also available to view is the PASNAS consultation member briefings presentation and a set of questions and answers relating to the consultation.

PASNAS member consultation - outcome letter Oct 2022 PASNAS member consultation notice

Member briefing presentation Consultation questions and answers

Pension & Assurance Scheme for Non-Academic Staff PASNAS