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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…
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…
Partial retirement calculator coming soon - information for members
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 (…
Reminder - the DHSC consultation on April 2024 scheme regulation changes closes at 11:59pm on 7 January 2024
The proposals in the consultation are to:
deliver phase 2 of the review of member contributions
introduce a new employer pension contribution rate in line with the results of the 2020 scheme valuation
permanently remove abatement for special…
NHS Cost Claim Back Scheme
The NHS Cost Claim Back Scheme is for members affected by the Public Service Pensions Remedy
Those affected by the Public Service Pensions Remedy (PSPR), sometimes called the McCloud remedy, will have a choice of 1995 / 2008 Scheme or 2015 Scheme…
Pensions Online (POL) downtime – September 2024
POL will not be available on Sunday 22 September due to scheduled system maintenance.
If we need to bring POL down at short notice for urgent maintenance, we’ll advise you as soon as we can in advance via the POL homepage.
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…
Letter of authority policy amendment
In order to allow a third party access to a member’s pension information, we require a letter of authority from the member. We ask that letters of authority only hold details for one individual at a time. Each member should have a separate letter of…
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…
General Data Protection Regulations (GDPR) update
Our member facing forms have now been updated with our new privacy statement (shown on the forms as ‘How we use your information’). The latest versions are now available on our website.
Some forms may also have had changes made to their…