Pensions

Pensions

Travelers pension scheme

Here is a summary of the current Travelers pension plan as well as disclosure documents relating to grandfathered pension plans.

The current Travelers Pension Plan is a Group Personal Pension Plan. Travelers will make a basic contribution of 9 percent of pensionable salary. There is also a “two-for-one” matching scheme. If you decide to contribute an additional amount from your salary, you will receive an increased company contribution up to a maximum of 3 percent. This would bring the total company contribution to 12 percent. You will automatically be invested in the plan’s default investment option. You also have the option of making your own fund choices.

Did you know?

Travelers pension scheme is held with Fidelity. Upon commencement of employment, all employees are eligible to join the Group Personal Pension Plan.

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