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.
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.
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.
PASNAS closed to new members from 1/1/2019.
Members of the scheme at 31/12/2018 are eligible to continue their membership if:
The current contribution rates are as follows:
Employee contributions: 7.20%
Employer contributions: 20.70%
Total contributions: 27.90%
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 pensions@soton.ac.uk if you would like to opt out of the scheme
No. The scheme closed to new members on 1/1/2019
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:
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.