Refreshed TRS/ Annual Benefits Statement will be made available by the end of August 2020 and the mid-year refresh will be available in December 2020.
The employer contributions increased with effect from 1 April 2019 from 14.38% to 20.68%. You were informed that the increase was centrally funded and so not paid directly by you. As a result of this arrangement the increased payments will not be included in any of the total employer annual contribution figures on member TRS/Annual benefit statement this year. However, the value of employer contributions has no impact on the standard benefits as quoted within member statements. This includes those of you that have been invoiced and paid a percentage of the increase.
Information on how NHS pension, lump sum and survivor benefits have been calculated is available on the NHS Pensions website.
We will be notifying employers and members about the availability of statements via the member newsletter and on our website.