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If you're aged 55 and over and you have agreement from your employer, you can choose to take part, or all of your pension benefits while you continue working in NHS employment and build your pension benefits in the 2015 Scheme. This is called…

The NHS Pensions Remedy Benefits Illustrator has been updated to cover members affected by the McCloud remedy who are at or over their normal minimum pension age and facing redundancy. Going forward, these members can now model their own pension…

As we prepare to start sending Remedial Savings Statements (RSS), we have recently published an Illustrator for members affected by McCloud. This illustrator allows those who have not yet received their RSS to explore how different factors, such as…

The Public Service Pensions Remedy and pension taxSome members affected by the Public Service Pensions Remedy, also known as McCloud, will need to update their pension tax information with HM Revenue & Customs (HMRC).This is because, as part of…

2024 to 2025Used for Reports inNational Average Discount PercentageMarch 20255.87February 20255.89January 20255.89December 20245.93November 20246.04October 20246.28September 20245.86August 20245.56July 20245.75June 20245.72May 20245.89April 20245.…

We have recently updated our McCloud buy back confirmation letters with clearer guidance. If you are approached by members who have already received their option letters, you can inform them ‘option 1’ is available for members to make payment. If a…

In August, TRS statements were refreshed in ESR and now show alternative benefits for members who are McCloud eligible. Due to membership from 1 April 2015 to 31 March 2022, member’s annual TRS will show ‘Option A - standard’ and ‘Option B -…

Not all members know they can apply to reinstate their remedy period service if they opted out of the NHS Pension Scheme because of the McCloud judgement. We’ve published the details on our Contingent decisions web page, but you can help to make…