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Additional Pension and Early Retirement Reduction Buy Out (ERRBO)
Following a review by the scheme actuary the cost of purchasing additional pension and/or ERRBO is changing and member’s will find that their monthly instalment amount has changed. This will result in an increase or decrease in monthly instalments…
Pensions Online (POL) year-end update event 23 April 1pm to 2:30pm
Sign up to our LIVE event on Tuesday 23 April 1pm to 2:30pm on Eventbrite: https://www.eventbrite.co.uk/e/855896468377?aff=oddtdtcreator
This event is for employers that only have access to POL.
We will:
show you how to complete the…
2024/25 payment schedule for NHS Pensions
NHS employers have a statutory duty to ensure that scheme contributions reach the NHS Pensions bank account by day 19 of the month following the month that the earnings were paid to the member. When day 19 falls on a weekend or a bank holiday…
Refund of member contributions – a reminder of eligibility
To qualify for a refund, a member must:
have left the scheme before reaching Normal Pension Age
have ceased membership of the Scheme in all employments
have less than two years qualifying membership in the NHS Pension Scheme.…