nhs pensions member newsletter...the employer contributions paid towards your pension increased with...
TRANSCRIPT
NHS Pensions Member Newsletter
View your statement
Learn more about your statement
Visit the TRS website to learn more about the information in your Total RewardStatement (TRS) or Annual Benefit Statement (ABS)
You can also watch our short video to find out more
Total Reward Statement and Annual Benefit Statement overview
The employer contributions paid towards your pension increased with effectfrom 1 April 2019 from 1438 to 2068 The increase of 63 was centrallyfunded and so not paid directly by your employer As a result of thisarrangement the payments are not included in any of the total employer annualcontribution figures on your statement However the value of employercontributions has no impact on the standard benefits as quoted within yourstatement Information on how your NHS Pension lump sum and survivor benefits havebeen calculated is available on the NHS Pensions website
How are your records updated
Each year your pensions record isupdated to the 31 March frominformation sent to us by youremployer
This year were pleased to announcethat we have received a similarnumber of annual updates comparedto previous years which is a greatachievement from employers whohave been diligent in ensuringyour records are updated during theCoronavirus (COVID-19) pandemiclockdown period
This means that your TRSABS should be updated to 31 March 2020 (31 March2019 for General Practitioners) If your record hasnrsquot been updated since lastyear it will be for one of the following reasons
Your employer did not send the annual pension update to update yourrecordYour record was updated after the data was taken to produce yourstatementYour annual pension update requires more information before it can beplaced on your record
If your record falls under one of the above reasons your pension record shouldbe updated ready for the mid-year refresh of the TRSABS and will be availablefor you to view in mid-December 2020
Unable to view your NHS Pension information
Your NHS Pension information might not be available if youre bull not a member of the NHS Pension Schemebull a new member of the NHS Pension Scheme with less than one yearrsquos servicebull already receiving an NHS Pension There may be an issue calculating your NHS Pension using the automated
system Please contact your employer for an estimate of your NHS Pensionbenefits
Member contribution rates
Member contribution rates have remained thesame in 201920 as they were in the previousthree years
A recent review has confirmed that rates willremain the same until 31 March 2021
The Department of Health and Social Care (DHSC) asked the NHS PensionSchemersquos Scheme Advisory Board (SAB) to review member contributionsThey considered a number of options including whether the rate payableshould be determined using whole-time equivalent or actual earnings the rangeand number of tiers and whether tier boundaries should be amended to avoidpay awards placing individuals in higher contribution tiers The SAB decided that the existing contribution structure should be kept thesame for a further two years until 31 March 2021 and they continue to consideroptions for membership contributions beyond this
Did you know
HM Treasury launches consultation on public servicepension schemes
In 2015 the government implemented reforms to all main public service pensionschemes including the NHS Pension Scheme These reforms did not apply tothose closest to retirement and The Court of Appeal found this to bediscriminatory against younger members
HM Treasury has published a consultation that sets out options for how thegovernment will address this by providing members with a choice of which setof pension scheme benefits those under their old scheme or the new schemethey would like to have for the remedy period (between 1 April 2015 and 31March 2022)
Members of a public service pension scheme on 1 April 2015 who joined on orbefore 31 March 2012 will be in scope for these proposals To find out more about the consultation please see the information available onour member hub You can also read the consultation in full via GOVUK and submit a responseby Sunday 11 October 2020 by email toPensionsRemedyProjectConsultationhmtreasurygovuk
Follow usFollow nhs_pensions for facts important newsinformation and updates You are welcome to tweetus but please donrsquot post any personal details
Donrsquot miss out
Please share this newsletterwith your colleagues and ask
Contact us
If you need to contact us aboutyour NHS pension you can findthe contact details on our
them to sign up by completingour online subscription form
website Alternatively ouronline knowledge base cananswer your questions 24 hoursa day 7 days a week
Copyright copy 2020 NHS Business Services Authority All rights reserved
Want to change how you receive these emailsYou can update your preferences or unsubscribe from this list
Learn more about your statement
Visit the TRS website to learn more about the information in your Total RewardStatement (TRS) or Annual Benefit Statement (ABS)
You can also watch our short video to find out more
Total Reward Statement and Annual Benefit Statement overview
The employer contributions paid towards your pension increased with effectfrom 1 April 2019 from 1438 to 2068 The increase of 63 was centrallyfunded and so not paid directly by your employer As a result of thisarrangement the payments are not included in any of the total employer annualcontribution figures on your statement However the value of employercontributions has no impact on the standard benefits as quoted within yourstatement Information on how your NHS Pension lump sum and survivor benefits havebeen calculated is available on the NHS Pensions website
How are your records updated
Each year your pensions record isupdated to the 31 March frominformation sent to us by youremployer
This year were pleased to announcethat we have received a similarnumber of annual updates comparedto previous years which is a greatachievement from employers whohave been diligent in ensuringyour records are updated during theCoronavirus (COVID-19) pandemiclockdown period
This means that your TRSABS should be updated to 31 March 2020 (31 March2019 for General Practitioners) If your record hasnrsquot been updated since lastyear it will be for one of the following reasons
Your employer did not send the annual pension update to update yourrecordYour record was updated after the data was taken to produce yourstatementYour annual pension update requires more information before it can beplaced on your record
If your record falls under one of the above reasons your pension record shouldbe updated ready for the mid-year refresh of the TRSABS and will be availablefor you to view in mid-December 2020
Unable to view your NHS Pension information
Your NHS Pension information might not be available if youre bull not a member of the NHS Pension Schemebull a new member of the NHS Pension Scheme with less than one yearrsquos servicebull already receiving an NHS Pension There may be an issue calculating your NHS Pension using the automated
system Please contact your employer for an estimate of your NHS Pensionbenefits
Member contribution rates
Member contribution rates have remained thesame in 201920 as they were in the previousthree years
A recent review has confirmed that rates willremain the same until 31 March 2021
The Department of Health and Social Care (DHSC) asked the NHS PensionSchemersquos Scheme Advisory Board (SAB) to review member contributionsThey considered a number of options including whether the rate payableshould be determined using whole-time equivalent or actual earnings the rangeand number of tiers and whether tier boundaries should be amended to avoidpay awards placing individuals in higher contribution tiers The SAB decided that the existing contribution structure should be kept thesame for a further two years until 31 March 2021 and they continue to consideroptions for membership contributions beyond this
Did you know
HM Treasury launches consultation on public servicepension schemes
In 2015 the government implemented reforms to all main public service pensionschemes including the NHS Pension Scheme These reforms did not apply tothose closest to retirement and The Court of Appeal found this to bediscriminatory against younger members
HM Treasury has published a consultation that sets out options for how thegovernment will address this by providing members with a choice of which setof pension scheme benefits those under their old scheme or the new schemethey would like to have for the remedy period (between 1 April 2015 and 31March 2022)
Members of a public service pension scheme on 1 April 2015 who joined on orbefore 31 March 2012 will be in scope for these proposals To find out more about the consultation please see the information available onour member hub You can also read the consultation in full via GOVUK and submit a responseby Sunday 11 October 2020 by email toPensionsRemedyProjectConsultationhmtreasurygovuk
Follow usFollow nhs_pensions for facts important newsinformation and updates You are welcome to tweetus but please donrsquot post any personal details
Donrsquot miss out
Please share this newsletterwith your colleagues and ask
Contact us
If you need to contact us aboutyour NHS pension you can findthe contact details on our
them to sign up by completingour online subscription form
website Alternatively ouronline knowledge base cananswer your questions 24 hoursa day 7 days a week
Copyright copy 2020 NHS Business Services Authority All rights reserved
Want to change how you receive these emailsYou can update your preferences or unsubscribe from this list
Each year your pensions record isupdated to the 31 March frominformation sent to us by youremployer
This year were pleased to announcethat we have received a similarnumber of annual updates comparedto previous years which is a greatachievement from employers whohave been diligent in ensuringyour records are updated during theCoronavirus (COVID-19) pandemiclockdown period
This means that your TRSABS should be updated to 31 March 2020 (31 March2019 for General Practitioners) If your record hasnrsquot been updated since lastyear it will be for one of the following reasons
Your employer did not send the annual pension update to update yourrecordYour record was updated after the data was taken to produce yourstatementYour annual pension update requires more information before it can beplaced on your record
If your record falls under one of the above reasons your pension record shouldbe updated ready for the mid-year refresh of the TRSABS and will be availablefor you to view in mid-December 2020
Unable to view your NHS Pension information
Your NHS Pension information might not be available if youre bull not a member of the NHS Pension Schemebull a new member of the NHS Pension Scheme with less than one yearrsquos servicebull already receiving an NHS Pension There may be an issue calculating your NHS Pension using the automated
system Please contact your employer for an estimate of your NHS Pensionbenefits
Member contribution rates
Member contribution rates have remained thesame in 201920 as they were in the previousthree years
A recent review has confirmed that rates willremain the same until 31 March 2021
The Department of Health and Social Care (DHSC) asked the NHS PensionSchemersquos Scheme Advisory Board (SAB) to review member contributionsThey considered a number of options including whether the rate payableshould be determined using whole-time equivalent or actual earnings the rangeand number of tiers and whether tier boundaries should be amended to avoidpay awards placing individuals in higher contribution tiers The SAB decided that the existing contribution structure should be kept thesame for a further two years until 31 March 2021 and they continue to consideroptions for membership contributions beyond this
Did you know
HM Treasury launches consultation on public servicepension schemes
In 2015 the government implemented reforms to all main public service pensionschemes including the NHS Pension Scheme These reforms did not apply tothose closest to retirement and The Court of Appeal found this to bediscriminatory against younger members
HM Treasury has published a consultation that sets out options for how thegovernment will address this by providing members with a choice of which setof pension scheme benefits those under their old scheme or the new schemethey would like to have for the remedy period (between 1 April 2015 and 31March 2022)
Members of a public service pension scheme on 1 April 2015 who joined on orbefore 31 March 2012 will be in scope for these proposals To find out more about the consultation please see the information available onour member hub You can also read the consultation in full via GOVUK and submit a responseby Sunday 11 October 2020 by email toPensionsRemedyProjectConsultationhmtreasurygovuk
Follow usFollow nhs_pensions for facts important newsinformation and updates You are welcome to tweetus but please donrsquot post any personal details
Donrsquot miss out
Please share this newsletterwith your colleagues and ask
Contact us
If you need to contact us aboutyour NHS pension you can findthe contact details on our
them to sign up by completingour online subscription form
website Alternatively ouronline knowledge base cananswer your questions 24 hoursa day 7 days a week
Copyright copy 2020 NHS Business Services Authority All rights reserved
Want to change how you receive these emailsYou can update your preferences or unsubscribe from this list
system Please contact your employer for an estimate of your NHS Pensionbenefits
Member contribution rates
Member contribution rates have remained thesame in 201920 as they were in the previousthree years
A recent review has confirmed that rates willremain the same until 31 March 2021
The Department of Health and Social Care (DHSC) asked the NHS PensionSchemersquos Scheme Advisory Board (SAB) to review member contributionsThey considered a number of options including whether the rate payableshould be determined using whole-time equivalent or actual earnings the rangeand number of tiers and whether tier boundaries should be amended to avoidpay awards placing individuals in higher contribution tiers The SAB decided that the existing contribution structure should be kept thesame for a further two years until 31 March 2021 and they continue to consideroptions for membership contributions beyond this
Did you know
HM Treasury launches consultation on public servicepension schemes
In 2015 the government implemented reforms to all main public service pensionschemes including the NHS Pension Scheme These reforms did not apply tothose closest to retirement and The Court of Appeal found this to bediscriminatory against younger members
HM Treasury has published a consultation that sets out options for how thegovernment will address this by providing members with a choice of which setof pension scheme benefits those under their old scheme or the new schemethey would like to have for the remedy period (between 1 April 2015 and 31March 2022)
Members of a public service pension scheme on 1 April 2015 who joined on orbefore 31 March 2012 will be in scope for these proposals To find out more about the consultation please see the information available onour member hub You can also read the consultation in full via GOVUK and submit a responseby Sunday 11 October 2020 by email toPensionsRemedyProjectConsultationhmtreasurygovuk
Follow usFollow nhs_pensions for facts important newsinformation and updates You are welcome to tweetus but please donrsquot post any personal details
Donrsquot miss out
Please share this newsletterwith your colleagues and ask
Contact us
If you need to contact us aboutyour NHS pension you can findthe contact details on our
them to sign up by completingour online subscription form
website Alternatively ouronline knowledge base cananswer your questions 24 hoursa day 7 days a week
Copyright copy 2020 NHS Business Services Authority All rights reserved
Want to change how you receive these emailsYou can update your preferences or unsubscribe from this list
HM Treasury launches consultation on public servicepension schemes
In 2015 the government implemented reforms to all main public service pensionschemes including the NHS Pension Scheme These reforms did not apply tothose closest to retirement and The Court of Appeal found this to bediscriminatory against younger members
HM Treasury has published a consultation that sets out options for how thegovernment will address this by providing members with a choice of which setof pension scheme benefits those under their old scheme or the new schemethey would like to have for the remedy period (between 1 April 2015 and 31March 2022)
Members of a public service pension scheme on 1 April 2015 who joined on orbefore 31 March 2012 will be in scope for these proposals To find out more about the consultation please see the information available onour member hub You can also read the consultation in full via GOVUK and submit a responseby Sunday 11 October 2020 by email toPensionsRemedyProjectConsultationhmtreasurygovuk
Follow usFollow nhs_pensions for facts important newsinformation and updates You are welcome to tweetus but please donrsquot post any personal details
Donrsquot miss out
Please share this newsletterwith your colleagues and ask
Contact us
If you need to contact us aboutyour NHS pension you can findthe contact details on our
them to sign up by completingour online subscription form
website Alternatively ouronline knowledge base cananswer your questions 24 hoursa day 7 days a week
Copyright copy 2020 NHS Business Services Authority All rights reserved
Want to change how you receive these emailsYou can update your preferences or unsubscribe from this list
them to sign up by completingour online subscription form
website Alternatively ouronline knowledge base cananswer your questions 24 hoursa day 7 days a week
Copyright copy 2020 NHS Business Services Authority All rights reserved
Want to change how you receive these emailsYou can update your preferences or unsubscribe from this list