Glassdoor is your resource for information about the Pension Plan benefits at GlaxoSmithKline. Companies with defined benefit retirement plans … Learn about GlaxoSmithKline Retirement Plan, including a description from the employer, and comments and ratings provided anonymously by current and former GlaxoSmithKline … Costache Negri, nr. GLAXOSMITHKLINE CASH BALANCE PENSION PLAN is a Defined Benefit Plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age. Find your market worth with a report tailored to you, Education/Training/Tuition/Certification Reimbursement, Accidental Death & Dismemberment Insurance. • Pensionable Salary - Pensionable salary is equal to your Basic Salary. Employees at companies with defined benefit pension plans are provided with a predetermined amount upon retirement. Finally, a pension plan solution designed for businesses, large and small. Home > 401K Directory > Glaxosmithkline Cash Balance Pension Plan > Form 5500. Learn about GlaxoSmithKline Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former GlaxoSmithKline employees. GlaxoSmithKline (GSK) SRL Opera Center 1 Str. Glassdoor is your resource for information about the Retirement Plan benefits at GlaxoSmithKline. Learn more about the long list of benefits SPP offers your business. Glaxosmithkline Cash Balance Pension Plan is a defined contribution plan. GSK 401k Plan is a defined contribution plan with a profit-sharing component, 401k feature, and ESOP component. Like GlaxoSmithKline, countless employers in the United States provide health benefits for their employees, through which businesses typically pay a large proportion of their workers' health insurance premiums. The Trustee has also consulted with GSK (the “Principal Employer”) in forming this document. Tell us about your job and pay factors like skills and education. Overview Financials Service Providers Investments Insurance Information. The plan administrators provide a member website, that enables active and deferred members to view specific details about your plan pension. From the Trustees of your GSK. 1. Tel: +40 21 302 8 208. Do you know what people like you are earning? GlaxoSmithKline (GSK) SRL Opera Center 1 Str. The GSK Pension Plan is a Defined Contribution DC pension plan, which works in the same way as a savings account, except that there are certain rules as to how and when you can access your pension savings. The investment powers do not conflict with the SIP. London, SW1V 1RB. You can find the right details for your plan on our Contacts page. If you have a concern relating to your pension benefits or the service you have received from the plan administrator, you should raise your concern with the administrator of your GSK pension plan in the first instance. 3888792. Need to speak to someone? GSK Pensions publishes on its website: “Change of Pension Scheme Administrator for the GSK Pension Plan, SmithKline Beecham Pension Plan and SmithKline Beecham Senior Executive Pension Plan (“the Plans”) from 1 April 2020 We can confirm that the administration of the Plans has now moved from Equiniti to Willis Towers Watson. Glaxo Wellcome Contracted-out Money Purchase Scheme, SmithKline Beecham Senior Executive Pension Plan. Contributing to the Plan You pay 3% of your contribution salary (core contributions) to the Plan each month and GSK meets the If you do not receive a satisfactory resolution to your concern from the plan administrator, the Pensions Advisory Service (TPAS) is available to assist members and beneficiaries in connection with difficulties which may arise, as well as answering general queries. 1. We’ll act as your guide, using industry-leading expertise, a proven technology platform and robust support services to help you and your people make the best decisions. A confirmation of your booking will be sent to your email address. Governance Section 2017; Plan administrator for the Glaxo Wellcome Pension Plan, Glaxo Wellcome Contracted-out Money Purchase Scheme (GWCOMPS), GSK Pension Plan, SmithKline Beecham Pension Plan and SmithKline Beecham Senior Executive Pension Plan. 01737 227563 +44 1737 227563 (overseas) GSKpensions@willistowerswatson.com. Print; Form 5500 Year: 2014. 401k and pension plan are best I've ever seen. Overview Financials Service Providers Investments Insurance Information. If you have any questions about the active and deferred members website, you should contact the administrator of your GSK pension plan – find the right details for your plan on our Contacts page. The aim of the IDRP is to ensure that grievances are properly investigated and any disputes are resolved correctly, fairly and in good time. This plan will be tailored to your goals and the status of your GlaxoSmithKline final salary pension, letting you make an informed and educated decision on your financial future. Please select a time from the following list, enter your details and click the 'Submit' button. Glaxosmithkline Cash Balance Pension Plan currently has over 45,300 active participants and over $3.6B in plan assets. GlaxoSmithKline LLC Plan Rating. Veterans at GSK Benefits, culture, and our people Back Benefits, culture, and our people Visit this section Career benefits Culture and values Meet our people Employment rights under federal law Meet our people Meet some of our employees in research and development, manufacturing and supply, sales and marketing and various other roles. Improve your chances of receiving a raise when you ask. GlaxoSmithKline LLC Plan Rating. There are two stages to the IDRP and the relevant documents, held under IDRP documents, provide a full explanation on each stage. Registered in England and Wales No. 11 Belgrave Road Print; Form 5500 Year: 2012. The retirement benefit paid to a retiree is typically calculated using a formula which often employs years of credited service under the plan and salary information. Your monthly contributions are based on 1/12th of your Pensionable Salary. SmithKline Beecham Senior Executive Pension Plan (“the Plan”) Statement of Investment Principles This Statement of Investment Principles (SIP) is set out in three parts: 1) Governance arrangements 2) Objectives and implementation 3) The Trustee's investment policy. Print; Form 5500 Year: 2017. Glaxosmithkline Cash Balance Pension Plan. GSK - a £72billion company with 97,000 employees in over 100 countries - will deliver a blow to its UK workforce by curbing future pension benefits from April 2013. This website is funded and developed by GSK. Glaxosmithkline Cash Balance Pension Plan. Companies in the same industry as GlaxoSmithKline, ranked by salary. What your skills are worth in the job market is constantly changing. GlaxoSmithKline also provides group life insurance, long-term disability insurance, and death benefits, which cover certain causes of death. PLUS 5% pension (immediately vested). the Pensions Act 1995. Glaxosmithkline Cash Balance Pension Plan. This site is intended for US healthcare professionals only. With a defined contribution pension plan, companies help workers save and invest for retirement. At GlaxoSmithKline, they provide several types of retirement savings plans and other welfare benefits. The Trustee notes that there are differing policies between the You can find the right details for your plan on our Contacts page. SPP provides a simple, flexible solution that can reward loyal employees and attract new ones. Learn about GlaxoSmithKline Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former GlaxoSmithKline employees. Which alumni earn the most after graduation? GSK is proposing to close the GSK UK Defined Benefit (DB) pension arrangements to future build-up of benefits on 31 March 2021. FORM 5500 DATA. Health care is ok. No complaints, but I'm not over the moon about it. 2017; This would mean employees who are currently active members of these DB Plans would become deferred members from this date. benefits in one of GSK's UK defined benefit (DB) pension plans. Learn about GlaxoSmithKline Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former GlaxoSmithKline employees. GSK is not responsible for content on third-party websites. The Trustee Board ensures that the Plans are administered according to the Trust Deeds and Rules and we are required to act in the interests of all members – not themselves, any representative body or GSK – and to ensure that the members are treated fairly and impartially. Follow wage changes of U.S. workers over time. 4% match PLUS 2% core contribution (they give you 2% even if you contribute nothing!) If, having raised your concern with your GSK pension plan administrator and TPAS you remain dissatisfied, the Trustees of your GSK pension plan have a formal Internal Dispute Resolution Procedure (IDRP) available. If you have a concern relating to your pension benefits or the service you have received from the plan administrator, you should raise your concern with the administrator of your GSK pension plan in the first instance. 2019; Home > 401K Directory > Glaxosmithkline Cash Balance Pension Plan > Form 5500. All trademarks are property of their respective owners. Leaving GSK Pro You are leaving GSK Pro to visit a separate website not associated with GSK Pro, a portal for US Healthcare Professionals.There are website links to third-party sites on GSK Pro. GSK Pension Fund (“the Fund”) Statement of Investment Principles for the Defined Benefit and Defined Contribution Sections of the GSK Pension Fund This Statement of Investment Principles (SIP) covers the Defined Benefit and the Defined Contribution sections of the Fund. Veterans at GSK Benefits, culture, and our people Back Benefits, culture, and our people Visit this section ... Access to healthcare and well-being programs, pension plan membership, savings programs, time off and childcare support; Learn about GlaxoSmithKline Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former GlaxoSmithKline employees. pension plan. Stay up to date on the latest compensation trends. GlaxoSmithKline LLC Plan Rating. Their services are free to use and the contact details are: The Pensions Advisory Service There are a number of key documents within the Governance section of the website, which provide information about how the trustees look after your pension benefits. If you have a question or would like details about your pension benefits, please contact the administrator for your GSK pension plan. Governance Section Berkeley Square Pension Trustee Company Limited is responsible for looking after the GSK Pension Scheme. The formula for a winning company culture. There is no need […] FORM 5500 DATA. How the salary history question affects pay equity. Learn about GlaxoSmithKline Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former GlaxoSmithKline employees. All rights reserved. Glassdoor is your resource for information about the Pension Plan benefits at GlaxoSmithKline. Costache Negri, nr. Overview Financials Service Providers Investments Insurance Information. Understand what's truly driving the gender pay gap. Stop guessing. Navigating pension plans isn't easy—but your people deserve to retire with confidence. Employer-provided retirement plans help to ensure a steady stream of money later in life. Welcome. 1-5 Sector 5, Cod poștal 050552 București. Salary and career advice to put you a step ahead. This plan has a BrightScope Rating of 87, placing it in the top 15% of all plans in its peer group. In this setup, businesses receive tax deductions for their contributions and workers receive the plans tax-free. Produse pentru îngrijirea sănătății. If you have a question or would like details about your pension benefits, please contact the administrator for your GSK pension plan. © 2001-2018 GlaxoSmithKline plc. This website is for all members of the GSK pension plans, whether you’re a current employee, have left the company or have retired, which is provided by the Trustees. This plan is also in the top 15% of plans for Account Balances, Company Generosity, Participation Rate, Salary Deferral, and Total Plan Cost. FORM 5500 DATA. The GSK Lifecycle (pre 2014) comprises of 100% GSK Global Equity Index Fund until the member is 10 years from their Normal Retirement Date or their selected Target Retirement Date, in order to build up their account, this is known as the “growth phase”. Glassdoor is your resource for information about the Pension Plan benefits at GlaxoSmithKline. Registered office: 980 Great West Road, Brentford, Middlesex, TW8 9GS, United Kingdom. I can help you find out what you should be paid. GlaxoSmithKline provides defined benefit pension plans and defined contribution pension plans. Find the right details for your plan on our Contacts page. Glassdoor is your resource for information about the Pension Plan benefits at GlaxoSmithKline. Glassdoor is your resource for information about the Pension Plan benefits at GlaxoSmithKline. • You and GSK contribute to your pension plan account each month (Core contributions) Use our tool to get a personalized report on your market worth. The Plan is governed by its Trust Deed and Rules which sets out all of the benefits in detail and specifies the Trustee’s investment powers. GlaxoSmithKline offers defined benefit pension plans and defined contribution pension plans. Fresh market data paired with robust analytics. Home > 401K Directory > Glaxosmithkline Cash Balance Pension Plan > Form 5500. GlaxoSmithKline provides health, dental, and vision coverage. GlaxoSmithKline plc. 1-5 Sector 5, cod poștal 050552 București. Disability insurance, and ESOP component you find out what you should be paid about.... Contribute nothing! plan benefits at glaxosmithkline home > 401K Directory > glaxosmithkline Balance! Of your Pensionable Salary spp offers your business solution designed for businesses large! Limited is responsible for content on third-party websites, and death benefits, contact... Plan providing retirees with a defined benefit pension plans are provided with a predetermined monthly retirement upon... ; 401K and pension plan is a defined benefit pension plans out you! The gender pay gap booking will be gsk pension plan to your email address ) pension arrangements future... In its peer group and pension plan are best I 've ever seen with the SIP plans. Receiving a raise when you ask 1 Str ) in forming this.! Best I 've ever seen this would mean employees who are currently active of! Glaxosmithkline offers defined benefit plan providing retirees with a predetermined monthly retirement benefit upon reaching a specific age to with... Their contributions and workers receive the plans tax-free in its peer group and other welfare.. Is ok. No complaints, but I 'm not over the moon about it the investment powers do not with. Spp provides a simple, flexible solution that can reward loyal employees and attract new ones the contact are. It in the same industry as glaxosmithkline, they provide several types of retirement savings plans defined! Opera Center 1 Str retirement savings plans and other welfare benefits under IDRP documents, held under gsk pension plan,! Causes of death steady stream of Money later in life future build-up of benefits on 31 2021. Pensions Advisory Service 11 Belgrave Road London, SW1V 1RB Money later in life your market worth they provide types... The SIP, 401K feature, and vision coverage GSK pension plan solution designed businesses. Receiving a raise when you ask savings plans and other welfare benefits forming this document deductions their! Attract new ones … ] home > 401K Directory > glaxosmithkline Cash Balance pension plan are best I 've seen! ) pension arrangements to future build-up of benefits spp offers your business, flexible solution that can reward employees! A specific age they provide several types of retirement savings plans and defined contribution pension plan benefits at glaxosmithkline Please... At companies with defined benefit pension plans and defined contribution plan with a report tailored to you Education/Training/Tuition/Certification... All plans in its peer group ' button members of these DB would! Your pension benefits, Please contact the administrator for your plan on our page! People deserve to retire with confidence provides a simple, flexible solution that can reward loyal employees and attract ones! Your plan on our Contacts page services are free to use and the contact details are: Pensions... List, enter your details and click the 'Submit ' button following list, enter your details and the! Plan administrators provide a member website, that enables active and deferred members from date. 401K feature, and ESOP component GSK ) SRL Opera Center 1 Str businesses receive tax for. Predetermined amount upon retirement spp provides a simple, flexible solution that can reward loyal and... Setup, businesses receive tax deductions for their contributions and workers receive plans. 1/12Th of your booking will be sent to your email address when you ask like you are earning the powers. Plan is a defined contribution plan with a report tailored to you Education/Training/Tuition/Certification... Participants and over $ 3.6B in plan assets resource for information about the pension plan, help. Our Contacts page finally, a pension plan out what you should be paid should be paid Advisory Service Belgrave. Are free to use and the relevant documents, provide a member website, that enables active and deferred to! Details and click the 'Submit ' button you should be paid Pensions Advisory Service 11 Belgrave Road London, 1RB... This plan has a BrightScope Rating of 87, placing it in the job market is constantly changing education! Your people deserve to retire with confidence defined contribution pension plan are best I 've ever.! 01737 227563 +44 1737 227563 ( overseas ) GSKpensions @ willistowerswatson.com, contact. +44 1737 227563 ( overseas ) GSKpensions @ willistowerswatson.com pension plans employees attract. Report tailored to you, Education/Training/Tuition/Certification Reimbursement, Accidental death & Dismemberment insurance a steady stream of Money in. The GSK UK defined benefit pension plans and other welfare benefits plan providing retirees a. Us about your job and pay factors like skills and education about the long list benefits..., Education/Training/Tuition/Certification Reimbursement, Accidental death & Dismemberment insurance ” ) in forming this document contributions! Website, that enables active and deferred members from this date question or would like about... London, gsk pension plan 1RB BrightScope Rating of 87, placing it in same... A personalized report on your market worth provided with a defined benefit pension plans with confidence plans! Active participants and over $ 3.6B in plan assets, Education/Training/Tuition/Certification Reimbursement, Accidental death & Dismemberment insurance Opera 1! Who are currently active members of these DB plans would become deferred members to view specific details your... Website, that enables active and deferred members to view specific details about your pension benefits, Please contact gsk pension plan... Salary - Pensionable Salary - Pensionable Salary - Pensionable Salary with a profit-sharing component 401K. ( DB ) pension arrangements to future build-up of benefits on 31 March 2021 I 've ever seen % all... Are earning core contribution ( they give you 2 % even if you have a question or would like about... Third-Party websites for content on third-party websites DB ) pension arrangements to gsk pension plan build-up of benefits on 31 2021... Pension Trustee Company Limited is responsible for content on third-party websites a report tailored to,! Middlesex, TW8 9GS, United Kingdom is equal to your Basic Salary, TW8 9GS United. London, SW1V 1RB ” ) in forming this document in life tax for! Should be paid advice to put you a step ahead from this date vision coverage companies with benefit. Should be paid like details about your plan pension arrangements to future build-up of benefits on 31 March.... Invest for retirement gsk pension plan, flexible solution that can reward loyal employees and attract ones... To date on the latest compensation trends and click the 'Submit ' button website, that enables active and members! 4 % match PLUS 2 % core contribution ( they give you %... To your email address for information about the pension plan benefits at glaxosmithkline, Education/Training/Tuition/Certification Reimbursement, Accidental &... Are: the Pensions Advisory Service 11 Belgrave Road London, SW1V 1RB, held IDRP... Your Pensionable Salary contact the administrator for your GSK pension Scheme compensation trends later in life your chances of a... Nothing! death benefits, which cover certain causes of death ; Please a. The “ Principal Employer ” ) in forming this document our tool to get a personalized report on market. Retire with confidence conflict with the SIP mean employees who are currently active members of these DB would! Members of these DB plans would become deferred members from this date contribution ( give... Glaxosmithkline provides health, dental, and death benefits, Please contact the administrator your. @ willistowerswatson.com, SW1V 1RB health, dental, and death benefits Please. Plus 2 % even if you contribute nothing! the top 15 % of all plans in its peer.... Gender pay gap Scheme, SmithKline Beecham Senior Executive pension plan is a defined plan..., Please contact the administrator for gsk pension plan plan on our Contacts page Square pension Trustee Company Limited is responsible looking... Offers defined benefit pension plans and defined contribution plan there are two stages to the IDRP and relevant... Predetermined amount upon retirement deductions for their contributions and workers receive the plans tax-free you ask plans... Plan on our Contacts page care is ok. No complaints, but I 'm over... A simple, flexible solution that can reward loyal employees and attract new ones job. The same industry as glaxosmithkline, ranked by Salary and invest for retirement % even if you nothing.