Pension Plan
Databricks provides a Defined Contribution (DC) Pension Plan through Aviva, which allows you to save for retirement. Register and access your pension account via My Aviva online or download the My Aviva app via AppStore on Apple or Android.
Eligibility and Enrollment
In line with UK’s pension legislation, all eligible Databricks employees will be automatically enrolled into the pension plan at a contribution of 5% from their date of hire. To be eligible, employees must:
- earn more than £10,000 a year (£833 every month)
- be aged 22 or over
- be under the State Pension Age, and
- work or usually work in the UK.
Contributions
Employees must contribute a minimum of 5% of their base salary in order to receive the 4% contribution from Databricks. You can contribute more than that (up to a set maximum), however Databricks contribution will be capped at 4%. Your contributions are taken via salary exchange.
Your pension fund also provides your loved ones with additional security. If you die before you retire, the full value of the fund will be paid to your beneficiaries, typically free of tax.
Benefit Questions?
Contact ABG on (T) 0151 346 5460 or via email at abib@abg.net.
IMPORTANT!
Make sure your accumulated pension fund goes to the right people by keeping your beneficiary details up to date. Nominate or change your beneficiaries for the Pension Plan via MyAviva online portal.
