What happens to my pension if I strike?
For each strike day, you lose both your contributions and your employer’s contributions to your pension pot.
However, there is an option to buy back lost pension via an Additional Pension Contribution (APC). The cost of the lost pension is calculated based on age-related factors rather than being a fixed percentage of the member’s salary.
For strike action, pension members are expected to pay 100% of the cost of buying back pension. If the strike action is less than 10 days, then members must make a lump sum payment rather than spreading the cost over a period of time.
To buy back lost pension
To buy back lost pension call HR on 0131 469 5555.
If you have access Halo complete the ‘Pension buy back’ form there.
You must make your request to buy back your lost pension within 30 days of the strike officially ending.