In this section of the Learning Zone we will begin to consider retirement. When can you retire and how do you apply?
Your Normal Pension Age (NPA) is the age that you can retire and take your standard NHS Pension benefits without reduction. Your NPA depends upon which section of the NHS Pension Scheme you are in and your status.
The Normal Pension Age (NPA) of the 1995 Section is 60.
If you carry on working beyond 60 your pension will be paid when you do eventually retire.
In order to qualify for your NHS Pension you must retire from your NHS job for at least 24 hours before you can claim your pension.
Once you claim your NHS Pension benefits you cannot then rejoin the NHS Pension Scheme.
If you have Special Class/Mental Health Officer status (and be in post before 6th March 1995) you may be able to retire at 55 without reduction in NHS Pension.
The Normal Pension Age (NPA) of the 2008 Section is 65.
If you carry on working beyond 65 then your pension will be paid when you do eventually retire. However unlike the 1995 Section, you will be paid an enhancement as the pension is being paid later.
You must retire for at least 24 hours before you can claim your pension. However in the 2008 you can partially retire and use some of the flexible retirement options on offer.
Applying For Your Benefits
When you retire from NHS employoment you need to apply to your employer to claim your benefits. Ask for the appropriate form to complete and send back. It is advisable to apply for your NHS Pension Scheme benefits approximately 4 months before your actual retirement.
Likewise, if you are a deferred member, your NHS Pension benefits will be paid to you from your Normal Pension Age, provided you are not still working for the NHS. Again a form should be completed and sent in, in good time.
Your NHS Pension will be paid to you for the rest of your life. It will increase with inflation each year.