What happens to my pensions if my employer switches pensions providers?

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If your employer decides to offer a different pension arrangement, that employer can – subject to obtaining the consent of the majority of eligible employees – stop participating in the Silver Thatch Pension Plan.

If your employer switches to another registered pension plan and no longer offers the Silver Thatch Pensions Plan, you can leave your existing investments in Silver Thatch and, if you wish, you can continue to make additional voluntary contributions (AVCs). The investments you leave in Silver Thatch will, along with any future investment income, be used to provide you with an income in retirement. This income will be provided based on the retirement provisions of the Plan.