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My scheme is contracted out and they say I do not have a choice. Is this right?
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If your employer runs an occupational scheme, they will have made the decision whether the scheme should be contracted in or out.
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If the pension scheme is contracted out, the decision has effectively been made for you and you cannot contract in to the State Second Pension if you continue to be in the scheme. However, the scheme will need to provide benefits that meet a test of quality and as a result of joining the scheme, you will pay NI contributions at a reduced contracted out rate.
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