Page 33 - BoAML Plan Handbook 17 V2.0

Leaving the Plan On absence

If you leave your employer before accessing your savings from the Plan, your options will
depend on how long you have been a member. Ill-health benefits
Your employer provides ill-health benefits to employees
Less than one month Over one month through a separate Group Income Protection policy. If
you are absent because of ill-health or injury, your regular
contributions and those from your employer would continue
When you leave you can take a refund of any contributions You will be entitled to 100% of the value of your to be paid to the Plan in the usual way. Full details of
you have made (less tax). Member Account. the Group Income Protection policy can be found on the
MyBenefitChoices website.
Please note: if you have transferred in savings from a previous When you leave you can either:
arrangement, your qualifying service in respect of these
savings will also be considered. • Transfer the full value of your Member Account to another Maternity or primary carer leave
registered pension arrangement, or
Your employer will continue to make contributions to your
• Leave the full value of your Member Account in the Plan Member Account at the usual rate against pre-maternity or
Notification of options on leaving until you retire, or primary carer leave salary through ordinary maternity leave and
• Depending on your age and retirement plans, you may be additional maternity leave. Member contributions will continue
The Plan Administrators will send details of your savings
and options to your home address, using the details it able to use your Member Account to access your savings. (unless requested otherwise) to be the same value of their
holds about you at that date. Please note: pre-maternity or primary carer leave salary for the duration
of the paid and unpaid maternity or primary carer leave.
As the latest address the Plan Administrators hold on • If you die before you access your savings, your Member
their records will be used for any future correspondence Account will be used to provide benefits for your family
regarding your benefits held under the Plan, it is and Dependant(s), subject to Trustee discretion. Paternity or secondary carer leave
important that you keep your personal details up to Your employer will continue to make contributions to your
date after leaving service. • If you leave your savings in the Plan, your Member Account Member Account at the usual rate against pre-paternity or
will continue to be invested in accordance with your
Once you have left the Plan, you can update your details chosen investment selection. secondary carer leave salary. Member contributions will
on the Plan administration website, by logging on to • If you joined the Plan before 1 October 2015, your continue (unless requested otherwise) to be the same value
your Member Account at leaving options are different if you have less than of their pre-paternity or secondary carer leave salary for the
www.hartlinkonline.co.uk/boaml or by writing to the 2 years’ membership. duration of the paternity or secondary carer leave.
Plan Administrators; see page 36 for contact details.
Unpaid leave from your employer
If your personal circumstances change, please ensure
you update your Expression of Wish details regularly. You can opt out of the Plan at any time; see page 9 for Please refer to the relevant absence policy on HR Connect
You can update your details by logging on to your more details. > Money > Retirement plans > Bank of America Merrill
Member Account as above. Lynch UK Pension Plan.

If you are an MBNA employee, please refer to HR Interchange
Transfer payment > HR & Benefits > Holiday, absences, overtime & leave.
If you choose to transfer the value of your Member Please note: Your employer reserves the right at any time
Account to your new employer’s pension scheme or to wholly or partly to modify, suspend, substitute or discontinue
another registered pension arrangement, you would give MyBenefitChoices, or specific MyBenefitChoices benefits
up all entitlement to savings under the Plan. (including the value given to a benefit for the purposes
Please note, the transfer does not have to be made as of MyBenefitChoices) and any other benefits, plans,
soon as you leave the Plan. programmes or policies provided by your employer at any
time. Your employer's interpretation of these terms is final.

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