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Part time pensionable pay update
Further to an article in the January 2016 Employer Newsletter, we are continuing to consider the system changes required to ensure that the whole time equivalent pay is calculated correctly for part time staff who are in receipt of supplementary…
Understanding your benefits in the 2015 Scheme
From 1 April 2022, all members of the NHS Pension Scheme will be members of our 2015 Scheme.
The 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme. This is a form of defined benefit pension scheme.
When you take your pension…
Partial Retirement Calculator - now available
The Partial Retirement Calculator can be accessed from the partial retirement page of the website: Partial retirement | NHSBSA
With partial retirement, you can take up to 100% of your pension, stay in your job, and carry on building up new pension…
TRS refresh - update on statement availability
There are three main reasons why a pension statement may not be available. These are listed below, with just some examples of why this may be the case.
There is a data issue that needs to be investigated
Examples include:
an outstanding data…
Partial retirement update for employers - October 2023
Applications
We have received a number of partial retirement applications where the AW8 is not fully complete or the employer has not signed the relevant sections.
If you are processing applications for partial retirement, please ensure the…
Public Service Pensions Remedy (McCloud) - Contingent decision
Members will soon be able to apply to reinstate remedy period service if they opted out of the NHS Pension Scheme because of the discrimination identified in the McCloud judgement.
Members will be able to use a calculator to estimate the cost of…
Department of Health and Social Care confirms change of date of annual 2015 Scheme pension cost of living review
Each year, 2015 Scheme pensions for members who are still actively contributing are reviewed to keep up with the rise in cost of living. The 2015 Scheme pensions are reviewed using the Consumer Price Index (CPI) in the year before, plus an…
Important news if you've received a 1995/2008 Scheme pension savings statement for 2023/24
You may have received a 1995/2008 Scheme pension savings statement showing a pension input amount for tax year 2023/24 in brackets, ‘£(10,987.60)', for example. This means that the figure is a negative pension input amount.
You need to read the…
Partial retirement calculator - latest information for members
Since changes to partial retirement were announced earlier this year, we’ve been working hard to make sure our processes, tools, and guidance are updated to support members and employers.
As part of this work, the Department of Health and Social…
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…