Remember the new scheme is approaching fast - when the time comes look out for our local educational workshops and one-on-one helpful reviews. Here are the main points of the new scheme.
- It will no longer be a Final Salary Scheme; from 2015 the NHS Pension Scheme will be based on average re-valued earnings
- The accrual rate for your pension will switch from an 80th scheme (1995) to a 54th scheme
- Revaluation of NHS Pension Scheme benefits in payment and deferred will be CPI + 1.5%
- Normal pension age will be linked to the state pension age
The details of the 2015 NHS Pension Scheme are still being put together - feel free to get in touch when the time comes to discuss your new benefit structure and how it impacts upon your private arrangements and retirement planning.