What does auto-enrolment mean for Network Rail people?

Members of the Network Rail section of the RPS or the CARE scheme who remain in their scheme, are not affected by auto-enrolment.

To help people save more for their retirement, the government now requires employers to enrol their workers into a workplace pension scheme if they are not already in one that meets certain minimum requirements.

Auto-enrolment applies to workers who aren’t already in a Network Rail workplace pension scheme, and who:

  • earn over £10,000 a year (£768 every 4 weeks);
  • are aged 22 or over; and
  • are under State Pension age.

If you are a member of the NRDC scheme, auto-enrolment affects you if you are contributing at a level less than the government regulations require. The current minimum contribution is 3% of your Qualifying Earnings (qualifying earnings are your gross earnings between £6,032 and £46,350 for the 2018/2019 tax year; this is different to Pensionable Earnings).  This minimum contribution will increase to 5% of your Qualifying Earnings in April 2019.

If you are subject to automatic or contractual enrolment you will receive written notification and details of your options.

Since April 2013 new employees are subject to contractual enrolment into the NRDC; this achieves auto-enrolment but in a slightly different way.  Members can opt-out, but every three years employers have to re-enrol anyone who has chosen not to pay at least the minimum 'underpin' contribution.  Network Rail's next re-enrolment will take place in April 2019.

Useful links

Support materials

Pensions in your language - 03:38

The facts - 00:48

Auto-enrolment options
The choices you have - 00:50