Search results

The value of pension benefits can be taken into account in a divorce settlement. If a member is getting divorced, they may be asked to obtain a cash equivalent transfer value of their pension benefits. If they do, they will ask you to complete the…

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…

There are 3 main reasons why an annual benefit statement (ABS) may not be available for your members. These are listed below with some examples: There is an issue that needs to be investigated. This could be because: We have a query about the…

The data cut for Total Reward Statements/Annual Benefit Statements was successfully taken following close of business on Friday 23 June 2017 and the activities for the 2017 refresh have now commenced, starting with around 3 million pension…

For the second year we are planning to carry out a mid year refresh of statements and the data cut will be taken over the weekend of 14/15 October 2017. This means any data amendments will have to be made by 7pm on Friday 13 October 2017. The…

We would like to clarify our current position in regards to providing annual allowance pension savings statements. Recently we have issued annual allowance statements through our automation process, meeting the legislative deadline of 6 October…

We have received enquiries from employers seeking clarification in relation to locally agreed payments and whether they are pensionable or not. Local agreed payments may be pensionable up to whole-time provided the member meets the normal criteria…

If you're aged 55 and over and you have agreement from your employer, you can choose to take part, or all of your pension benefits while you continue working in NHS employment and build your pension benefits in the 2015 Scheme. This is called…

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…

There has been an increase in queries from employers relating to pensionable pay for 1995 Section members. We want to provide a better understanding for you of how our processes work for awards and sub awards and help alleviate some your concerns.…