OMERS Pension Guide

General Rules of the CIL Allowance

➢ The CIL Allowance has been created to help only individuals genuinely affected by pension legislation. If any doubts exist as to whether there is a genuine need for CIL, proof of income will be requested by JMA (normally in the form of copy tax returns). ➢ The CIL does not form part of your contractual salary. CIL does not affect any future salary related pay changes or anything else linked to basic salary (e.g. Group Life Assurance, Group Income Protection). ➢ In the event of a future salary change, the CIL will be recalculated accordingly from the same calendar month. ➢ The CIL will start from April onwards (or from the month of opt-in, for newly eligible individuals). ➢ Requests for non-default levels of CIL or pension contribution will not be considered. Individuals will have the opportunity to efficiently use any spare pension contribution allowance by participating in OMERS Salary Exchange or STIP Allocation Exchange arrangements. ➢ If the CIL option is selected, this will apply for the entire tax year. It is not possible to switch between standard pension membership and CIL mid-year unless an individual receives a mid-year promotion and/or pay increase. ➢ A review period will be set for March each year. During this period, individuals will have the option to select CIL for the first time (if the qualifying conditions are met) or switch back to standard pension membership if the TAA is not going to apply in the following tax year. ➢ IMPORTANT NOTE – all CIL participants will not be asked to re-apply each year. If an individual previously selected CIL, it will be assumed that they wish to continue with the CIL allowance unless advised to the contrary during the March review period. ➢ The CIL Allowance stops on cessation of employment with OMERS.

To select the CIL allowance you must complete the CIL Application form. Please Click Here for the form. Once completed onscreen, please and email to James Murray Associates (corporate@jmurray.co.uk)

Important Notes

1. OMERS reserve the right to change or withdraw the Cash In Lieu Allowance at any time and without notice. 2. OMERS fully encourages standard pension membership (default option) where an individual is not affected by legislative restrictions. 3. Only essential requests for participation in the Cash in Lieu Allowance Program will be accepted – requests will be monitored and checked closely by our appointed advisers. 4. Any non-essential requests for participation will be refused.

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