Members who qualify for a five year rejoiner estimate will be individually notified and directed to a personalised comparison pack request form on the NHS Pensions website.
This is because members who return to pensionable NHS employment after a break of more than five years who are allocated to a different Section or Scheme from their earlier period of deferred membership (1995 or 2008 Section), may be eligible to transfer deferred benefits from their earlier period of membership into their current Section or Scheme (2008 Section or 2015 Scheme) on a Cash Equivalent Transfer Value (CETV) basis.
A CETV is the capitalised (or total) value of their deferred benefits and is calculated in accordance with the NHS Pension Scheme regulations by reference to guidance provided by the scheme actuary.
Members who request a personalised comparison pack will then have a one off opportunity to transfer their deferred benefits.