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Update on the temporary suspension of cash equivalent transfer value (CETV) calculations
Following the change to the discount rate used for public service pension scheme that HM Treasury announced on 30 March 2023, the factors used to calculate CETVs for members transferring out of the Scheme, and calculating CETVs for divorce purposes…
Adjustment in respect of category M price reduction from August 2017
The adjustment will use the Category M prices listed in the July 2017 NHS Drug Tariff as a baseline.
Where individual items were given a price concession in the July NHS Drug Tariff by way of a Drug Tariff amendment, the baseline price to be used…
Partial retirement update
Partial Retirement Calculator
The Partial Retirement Calculator was released on Tuesday 12 December 2023 and available on the Partial Retirement page of our website until Friday 15 December 2023.
We have temporarily taken down the Partial…
Notional Whole-Time (NWT) Pensionable Pay and supplementary pays
We have received a number of enquiries from employers seeking clarification when calculating Notional Whole-Time (NWT) pensionable pay with supplementary payments.
Information on how to calculate the Notional Whole Time Total Pensionable Pay is…
Temporary suspension 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 will change.
We have been…
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…
Part time pensionable pay update
Further to an article in the January 2016 Employer Newsletter, we are continuing to consider the system changes required to ensure that the whole time equivalent pay is calculated correctly for part time staff who are in receipt of supplementary…
Partial retirement calculator coming soon - information for employers
Since changes to partial retirement were announced earlier this year, we’ve been working hard to make sure our processes, tools, and guidance are updated to support members and employers.
As part of this work, the Government Actuary’s Department (…
The Partial Retirement Calculator is available
The issue that was affecting the Partial Retirement Calculator has been resolved.
The Partial Retirement Calculator can be accessed from the partial retirement page of the website: Partial retirement | NHSBSA
As a reminder, with partial retirement…
The Partial Retirement Calculator is available
The issue that was affecting the Partial Retirement Calculator has been resolved.
The Partial Retirement Calculator can be accessed from the partial retirement page of the website: Partial retirement | NHSBSA
As a reminder, members can use the …