NHS Pension Scheme: Arrangements beyond 1 April 2015



Changes to the NHS Pension Scheme in 2015

As you may be aware, new pension arrangements are to be introduced into all public sector pension schemes including the NHS Scheme from 1 April 2015. The main features of the new NHS Scheme include:

• A Career Average Revalued Earnings (CARE) scheme, with benefits based on a proportion of pensionable earnings each year during your career
• A build up rate of 1/54th of each year’s pensionable earnings with no limit on the number of years that can be taken into account.. This is a higher build up rate than both the 1995 and 2008 sections of the NHS Scheme
• Revaluation of active members’ benefits in line with a rate set by Treasury plus 1.5 percent per annum
• A Normal Pension Age at which benefits can be claimed without reduction for early payment linked to the same age you are entitled to claim your State Pension (or age 65 if that is later).

• Pensions in payment to increase in line with a rate set by Treasury.

A State Pension Age Calculator is available on the Gov.uk website.


NHS Pension Schemes: An Overview

2015 Scheme Guide

2015 Scheme factsheet

Factsheet for members of the 2015 Scheme who also have membership in the 1995/2008 Scheme 

Salary sacrifice factsheet 

Early retirement reduction buy out (ERRBO) factsheet

Early retirement reduction buy out (ERRBO)/Additional Pension/MPAVC comparison

Early retirement reduction buy out (ERRBO) - ERRBO1 Expression of interest 

Early retirement reduction buy out (ERRBO) - ERRBO3 Application for agreement

Loss of Enhanced and Fixed Protection 2012 and 2014 because of the 2015 NHS Pension Scheme

Employer support and information

A summary of the proposed final agreement on a scheme design from 2015 can be viewed at: https://www.gov.uk/government/publications/reforming-the-nhs-pension-scheme-for-england-and-wales-proposed-final-agreement


2015 NHS Pension Scheme calculator

The Gov.uk website has three calculators to help understand and estimate the benefits members may be entitled to through the 2015 Scheme changes. More information is available here. Links to the calculators can be found below:

Calculator for Agenda for Change staff

Calculator for medical and dental staff in the hospital and community health services

Calculator for salaried primary dental care staff