In accordance with statutory requirements, Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP) and Statutory Paternity Pay (SPP) will be based on your Adjusted Salary. Your SMP will be calculated using your Adjusted Salary, in line with statutory requirements.
University maternity, paternity and sick pay will continue to be based on your Pre-Salary Exchange Basic Salary. Provided you continue to participate in Salary Exchange, you will sacrifice an amount equivalent to 6.35% of your Pensionable Salary, provided that this does not reduce your Adjusted Salary below the statutory amount (i.e. the SSP, SMP, or SPP level calculated above).
The University will ensure that no one in receipt of Statutory Sick Pay, Statutory Maternity Pay or Statutory Paternity Pay will be adversely affected by participating in Salary Exchange.