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Further update on annual allowance statements
Further to guidance issued on 10 October 2019, we would like to update members on annual allowance statements.
We issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October 2019. However, we…
Getting an estimate of your pension
We provide active and deferred members with an Annual Benefit Statement (ABS). They’re also known as Total Reward Statements (TRS) and can be accessed via Electronic Staff Record (ESR).
You can watch our video for information about how to request…
Pharmacy Access Scheme
Data used in Pharmacy Access Scheme calculations (1 December 2016 to 31 March 2018).
The Pharmacy Access Scheme forms part of the changes to the Community Pharmacy Contractual Framework announced by the Department of Health & Social Care on 20…
Final pay controls reassessment update
The final pay controls (FPC) team received 1,416 applications for reassessment, with 881 of these received in December 2021 alone.
The team have completed 60% of all reassessments received so far and are working hard to complete the remainder as…
Department of Health and Social Care confirms change of date of annual 2015 Scheme pension cost of living review
Each year, 2015 Scheme pensions for members who are still actively contributing are reviewed to keep up with the rise in cost of living. The 2015 Scheme pensions are reviewed using the Consumer Price Index (CPI) in the year before, plus an…
Understanding your benefits in the 2015 Scheme
From 1 April 2022, all members of the NHS Pension Scheme will be members of our 2015 Scheme.
The 2015 Scheme is a Career Average Revalued Earnings (CARE) scheme. This is a form of defined benefit pension scheme.
When you take your pension…
Information for employers on changes to early and late retirement factors
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 early and late retirement factors from the scheme have changed. These have been implemented…
Total Reward Statements / Annual Benefit Statements
The refresh of statements for this year is going according to plan, the pension calculations completed on schedule. The data has been passed to ESR for them to carry out the match and merge, and statement upload processes.
The aim is for the 2017…
Payments for Clinical Director duties
We have recently received a number of queries in relation to clinical director duty payments.
The regulations state that a member’s pensionable earnings are:
salary
wages
fees, and
other regular payments
made to the member in respect of…
Hypothetical annuity cost
Hypothetical annuity cost is not a standard benefit. It's included on your statement to show the likely cost of buying similar benefits on the ‘open market’.
The figures are based on market conditions at this date. Costs could vary significantly at…