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Partial retirement update for employers - June 2023
We’re working closely with the Department of Health and Social Care (DHSC), NHS Employers and NHS England to work through the new rules to allow members to take partial retirement from 1 October 2023 and help employers get ready for the change.
The…
Processing of cash equivalent transfer value (CETV) calculations
Following a change to the discount rate used for public service pension schemes that HM Treasury announced on 30 March 2023, the factors used to calculate transfer values for non-Club transfers and pensions on divorce changed.
We are now able to…
TRS refresh August 2023 – information for employers
The annual refresh of Total Rewards Statements (TRS) and Annual Benefit Statements (ABS) is taking place in August, and updated statements will be available to NHS Pension Scheme members from 22 August 2023.
We'll be communicating to members to let…
Prudential Money Purchase Additional Voluntary Contributions (MPAVCs)
Prudential have recently introduced a new online joining facility for members to join their MPAVC scheme. This service is available 24/7 and is already up and running. This has been introduced in addition to their telephone service where members can…
Estimates for members who have membership in the 1995/2008 Scheme with Protection of Pay
Following feedback from both our members and employers, we have made the decision that a member will qualify for a protection of pay estimate free of charge if they:
are over minimum pension age
intend to retire within the next 12 months.
The…
GP Practice stakeholder event
During June the Stakeholder Engagement Team visited Birmingham and hosted two events for GP Practice managers. The events focused on basic administration of the NHS Pension Scheme and consisted of various workshops throughout the day led by…
Total Rewards Statements & Annual Benefit Statements refresh
The TRS & ABS mid-year refresh is underway and the data cut was taken on Friday 11 October 2019. The pension calculations and checks are now complete and the data was transferred to ESR on Friday 1 November 2019.
We expect to be able to make…
Next round of Stakeholder GP Events
We have been collating your feedback since 2017 when we first started the training sessions for GP Practice Managers. The Stakeholder Team are now planning the next round of training sessions, targeted at either level 1 - new or intermediate…
COVID-19 Contingency Planning for employers
A message from Chris Dawson, Head of Service, NHS Pensions:
We understand that the current situation around COVID-19 continues to cause significant concern and uncertainty. I wanted to reassure you that at NHS Pensions we have taken, and continue…
Extension of voluntary scheme pays 2018/19 deadline
The NHS Business Services Authority is sympathetic to the situation that NHS staff currently find themselves in during the Coronavirus (COVID-19) pandemic and is keen to support members of the NHS Pension Scheme (England and Wales) who are front…