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Information on exchanging part of an annual pension for a lump sum. At retirement, members may be able to exchange some annual pension for a lump sum / larger lump sum. This applies to: 1995 section (except members who left before 1 April 2008…

Personal details and financial summary These are the details your employer held for you (or we held for you, if you're a deferred member), as of 31 March. It includes a summary of the total value of the pay and benefits for the year. If it's only…

In the event of your death, a lump sum and pension benefits for your dependants may be payable. The benefits payable will depend on your circumstances at the time of your death. A lump sum on death is a normally tax free sum of money that: is…

In the event of your death, a lump sum and pension may be paid to your surviving spouse, registered civil partner, qualifying partner or nominated recipient.  We may pay an adult dependant's pension to: your surviving spouse your registered…

How your membership totals have been calculated on your statement. Your pension statement We calculate the membership totals on your statement as follows. Reckonable membership This is the amount of membership used to calculate your benefits…

A lifetime’s savings lost in a moment The Pensions Regulator has warned that pension scams are on the increase in the UK. Some NHS Pension Scheme members may have already been targets. ‘One off pension investments’, ‘pension loans’ or ‘upfront…

This section provides Total Reward Statements (TRS) and Annual Benefit Statements (ABS) information about: promoting your local benefits the promotional tools that will be provided to you Add logos to TRS or ABS communications We…

Key activities employers must undertake. To do list We provide overviews on activities that we advise you do to prepare your employees and organisation for: Annual Benefits Statements to do list (Excel: 11KB)Total Rewards Statements to do list (…

The employer toolkit offers guidance and support throughout the statement delivery. The toolkit includes: your to do list, which explains your role as an employer and your key milestones guidance on promoting the statements to your employees…

Each year, we update your pension record to the 31 March using information sent to us by your employer. Your Total Reward Statement (TRS) and Annual Benefits Statement (ABS) provides you with an overview of your pension benefits up to 31 March each…