Those members of the 2015 NHS Pension Scheme who are looking to enquire into an ERRBO agreement can now do so via an Expression Of Interest form.
The form is very straightforward and asks NHS Pensions to confirm a doctors' eligibility or not for an ERRBO agreement and the likely costs/benefits involved.
The ERRBO is a facility enabling members of the 2015 NHS Pension Scheme to buy-out the reduction that would apply if retirement benefits were claimed before their Normal Pension Age. Remember for those in the 2015 NHS Pension Scheme, your new Normal Pension Age will be linked to the State Pension Age.
The ERRBO agreement can be for an early retirement between 1, 2 and 3 years before your Normal Pension Age but no earlier than age 65.
The cost of your contributions to the ERRBO agreement will be based on your age when you start the agreement and the number of years reduction you are buying-out..
An application for an ERRBO agreement must be made within three months of joining the 2015 NHS Pension Scheme.
For an independent assessment of whether entering an ERRBO agreement might be right for you, in the context of your individual situation, then contact us on firstname.lastname@example.org or telephone 0117 966 5699.