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Processing of cash equivalent transfer value (CETV) calculations
Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the factors used to calculate transfer values for non-Club transfers and pensions on divorce changed.
We are now able to…
Pensions Online (POL) Downtime - August 2023
POL will be available throughout August between 7am and 7pm apart from the following dates when there will be downtime for scheduled system maintenance:
Sunday 20 August
If we do need to bring POL down at short notice for urgent maintenance, we…
Escalation Process
The only escalations that the Stakeholder Engagement Team email account should be used for are serious ill health cases.
For any other form of escalation, please contact the employers email account or helpline in the first instance. If they are…
Reminder - the DHSC consultation on April 2024 scheme regulation changes closes at 11:59pm on 7 January 2024
The proposals in the consultation are to:
deliver phase 2 of the review of member contributions
introduce a new employer pension contribution rate in line with the results of the 2020 scheme valuation
permanently remove abatement for special…
CCGs and the retention of Special Class and Mental Health Officer status
NHS Pensions has noted an increase in requests for Special Class and Mental Health Officer status for members who are working for CCGs.
Special Class and Mental Health Officer status is primarily for members of staff who are engaged in the hands on…
Equality monitoring questionnaire
It is no longer necessary for you or members to complete the equality monitoring questionnaire. The standalone form has been removed from the website but it will still be available within the ‘consideration of entitlement to ill health retirement…
Letter of authority policy amendment
In order to allow a third party access to a member’s pension information, we require a letter of authority from the member. We ask that letters of authority only hold details for one individual at a time. Each member should have a separate letter of…
Protection of Pay
Following the removal of the historic Employer Newsletters from the website, the bulk Protection of Pay forms have been updated.
The employer factsheet has been updated with a historic bulk Protection of Pay guidance section to include information…
Payments for Clinical Director duties
We have recently received a number of queries in relation to clinical director duty payments.
The regulations state that a member’s pensionable earnings are:
salary
wages
fees, and
other regular payments
made to the member in respect of…
Members achieving maximum pensionable membership
When completing SD55 termination form for members who have achieved maximum pensionable membership, are no longer eligible to contribute and have a last day of pensionable membership as the date they achieved maximum membership, the reason for…