Generation scheme. 1. Employees who are less than 7 years away from their legal retirement age (AOW), who have been in employment with the employer for at least 5 years and who wish to reduce their employability by no less than 50% of their original working hours, can opt to continue to accrue pension on the basis of their original working hours as set out in paragraphs 2 and 3 of this Article. This scheme applies on the condition of participation in the applicable pension fund.
2. The pension accrual remains based on the original working hours. The associated premium is paid by the employer and the employee in accordance with the ratio agreed in the CAO. If the employee reduces the working hours by at least 0.2 FTE, the salary belonging to the new working hours is increased by 0.1
Generation scheme. Manchester Met’s First Generation Scheme is a new ‘whole student life cycle’ widening participation programme. Launched in April 2017, First Generation will work with Year 12 students in local colleges, supporting them through a summer school and mentoring as they complete their level 3 qualifications. Those who choose to progress to a course at Manchester Met will receive additional support and interventions focused on employability and successful outcomes. The scheme will use Alumni and business contacts to provide the students with contacts and opportunities to support their career development. We will monitor and assess the outcomes for the students we support through the Scheme.
