SAUL

SAUL started on 1 April 1976 and was set up to provide pension benefits for non-academic employees of the University of London. It now covers 50 colleges and institutions that have links with higher education including most of the colleges of the University of London, Imperial College and the University of Kent.

 

SAUL is a multi-employer defined benefit scheme set up under trust. This means that the Trustee is responsible for:

 

  • the management of the Scheme’s assets (which are held separately from the employer’s assets)
  • the collection of contributions; and
  • ensuring that the payment of member’s benefits is in accordance with SAUL’s Rules.
From 1 April 2016, all SAUL members build up pension based on their Career Average Revalued Earnings (CARE). This means that each year SAUL members will accrue a pension equal to 1/75th of their salary. Each year of accrued pension is then increased in line with inflation until retirement.


For full information on SAUL, visit the website

 

General contact details for the scheme can be found here.