NHS Pensions FAQs

NHS Pensions FAQs

How do I contact you for details about my pension details including pension projections?

Can you provide pension information about particular employee groups?

Where do the contributions go to?

How do I contact you for details about my pension details including pension projections?

Contact us here

Can you provide pension information about particular employee groups?

NHS Employers, rather than NHS Pensions hold the details regarding details of employee groups e.g. Staff grades, Job title. .A list of the information we hold about pension members is available here

Where do the contributions go to?

The NHS Pension Scheme, is an unfunded occupational scheme backed by the Exchequer, which is open to all NHS employees and employees of other approved organisations. Pension contributions for individual scheme members are collected by NHS Employers and are forwarded to NHS Pensions Other income is also received, for example from people transferring from other pension schemes in the form of a cash equivalent transfer that buys a service credit in the NHS scheme.

The income is used to offset the payments that the scheme makes to pensioners or people leaving the Scheme.

Details of income received from 1995/96 to 2009/10 is available here.

Employers and employees pay contributions based on a percentage of pensionable pay. Every four years the Government Actuary conducts a full actuarial review and recommends contribution rates in their Valuation report to the Secretary of State for Health. This is based on the use of a ‘notional fund’ as if all income from the start of the NHS Pension Scheme had been invested. As a result the Scheme is unfunded as there is no actual asset for a ‘pension fund’ on the balance sheet of the pension scheme.

At each valuation any deficit or surplus in the notional fund may result in a recommendation to adjust the level of contributions from the estimated future cash flows of the pension scheme.

The latest report is available here or can be purchased from The Stationary Office online at www.tsoshop.co.uk or telephone 0870 600 5522.

The resulting pensions themselves are worked out from the final pay on which the pension contributions were collected. So, unlike personal pension schemes, there is no straight link between the pension contributions paid in and the pension paid out.

For more information about how NHS pensions are calculated you may wish to visit our website www.nhsbsa.nhs.uk/pensions and read our general Scheme Guide.