10 July 2020
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If you are a member of the Royal Mail Pension Plan (RMPP) or the Royal Mail Defined Contribution Plan (RMDCP), you will have been automatically enrolled in PSE, unless you opted out.

We have designed PSE so that as many colleagues can benefit as possible. However, because of how certain legislation works, some employees could be financially disadvantaged if they take part. To make sure this doesn’t happen, some colleagues will continue to make a personal contribution to their Royal Mail pension plan, and have pension contributions deducted from their pay, even though they are enrolled in PSE.

These are employees:

  • whose post-PSE pay is below the PSE participation limit (currently £10,000 a year, around £192 a week if you are paid weekly or around £833 a month if you are paid monthly);
  • who are brought below the National Minimum Wage by taking part in PSE and any other salary-exchange arrangements, for example childcare vouchers;
  • on Statutory Sick Pay with no extra payments from us; or
  • on unpaid leave, for example, a career break or seconded to another employer and paid on another payroll system.

If your pay changes so that none of the above apply to you, you will automatically start taking part in PSE.

Note: Employees of Royal Mail Courier Services and Storefeeder are not currently eligible to participate in PSE.