Just when you thought the 'Choice' exercise was over with - we have another one!
You may remember being given a choice a couple of years ago as to whether to stay in the 1995 Section of the NHS Pension Scheme or whether to move to the new 2008 Section of the NHS Pension Scheme.
The main premise was that if you intended working beyond your normal (then) retirement age of 60 - it may have been worth moving your 1995 rights to the new 2008 Section.
Since Choice 1 however, it has been made clear that the new 2015 NHS Pension Scheme, due to come in next year, will have a normal retirement date linked to state pension age (which in itself has already moved to 67). With any taking of the pension early being penalised.
Therefore it is important in the interests of fairness that the some 500,000 members affected (who do not have pension protection) get to choose again.
These are important decisions which will impact upon the timing of your retirement and the income you can expect to receive when you do retire. We will be running a number of workshops and presentations on the subject as well as, of course, meeting with doctors in Bristol on a one-to-one basis to discuss their individual situation and make the right choice.