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Normal pension age
Normal pension age is:
60 years old in the 1995 section
65 years old in the 2008 section
Members with special class status in the 1995 section may have the right to retire from a normal pension age of 55.
In the 2015 scheme, it's the same as…
Independent financial advisors (IFAs)
Independent financial advisers can only get member statements from the member they represent.
It's free of charge for members. It's a faster and more convenient way for them to get information about their NHS pension.
Understanding your statement
If you are looking for general information on understanding your statement, you can watch a recording of the recent 'Your Total Rewards Statement Explained' event on YouTube. This video will also explain why your TRS will look different if you are…
Mid-year December refresh of Total Reward Statements
Each year, we create Total Reward Statements (TRS) and Annual Benefit Statements (ABS) for members who are actively contributing to the Scheme.
Your statement is updated after the financial year end at the end of March and made available in mid-…
Lump sum
If you’re a member of the 1995 Section
The 1995 section automatically provides members with a lump sum at retirement. This is normally 3 times their pension.
If you're a member of the 2008 Section
If you moved to the 2008 section as part of the…
Hypothetical annuity cost
Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’.
The figures are based on market conditions at this date. Costs could vary significantly at…
Contributions
Information about the contributions paid into the Scheme.
Employee contributions
This is the annual contributions you paid into the scheme during the year.
This is prior to the ‘updated to’ date on your statement. It excludes added years and…
How your statement is updated
Each year, we update your pension record to the 31 March using information sent to us by your employer.
Your Total Reward Statement (TRS) and Annual Benefits Statement (ABS) provides you with an overview of your pension benefits up to 31 March each…