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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…
Government announcement regarding payments to estates or authorised representatives
Following the UK Government announcement on 17 August 2022, payments can now be made to estates or authorised representatives of people registered on the scheme who died between the announcement date of 17 August 2022, and the payment date of 28…
Drug Reimbursement - Riluzole and Rilutek
The Department of Health and Social Care (DHSC) have clarified that for Riluzole 50mg tablets (Part VIIIA Category A) and Rilutek 50mg tablets, contractors will be reimbursed the following for NHS prescriptions dispensed in January 2024…
Information about NHS Pensions
We’re responsible for administering the NHS Pension Scheme in England and Wales on behalf of the Department of Health and Social Care (DHSC).
Within this hub, you can find information on:
our role as administrator of the NHS Pension Scheme
NHS…
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…
NHSBSA Celebrates International Women’s Day
This International Women’s Day celebrates gender balance and Nina Monckton the Chief Insight (Data) Officer from Newcastle-based NHSBSA, talks about her experience working in STEM (science, technology, engineering and math) where women are typically…