Monday 28 November 2011

NHS Pension Scheme calculators published

NHS Pension Scheme calculators published:

The Department of Health is publishing pension calculators for NHS Pension Scheme members to support their understanding of the proposed changes in pension relating to the Hutton reform. This follows the revised Government offer on 2 November, which was set out in a letter from the Secretary of State for Health, Andrew Lansley to NHS Chairs. The calculators have been produced with actuarial support.

See calculator for Agenda for Change staff, including special classes and Mental Health Officers

Calculators for consultants and GPs will be available shortly.

The calculators will provide an illustrative estimate of how the proposed reforms might affect your pension. If you need to find out how much pension you have earned to date, you should contact your scheme provider (whose details are on your latest pension statement).

However, please note that the final terms of the reforms are still being discussed and may change. Any changes will not happen until 2015. The calculator gives a result in today’s money, and does not include inflation or a change of earnings. Another calculator may produce a different result. The calculator does not provide a formal statement of your pension entitlements – it is provided to give a rough estimate only and the NHS Pension Scheme cannot accept responsibility for the accuracy of results from this or indeed any other calculator. Department of Health

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