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Changes to public service pensions

ReformedCharacter
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Changes to public service pensions

#617024

Postby ReformedCharacter » September 25th, 2023, 1:57 pm

This isn't a 'practical problem' as per the board title, but it seems to be the most appropriate place to post this:

In 2015 the government made changes to most public service pension schemes, including the NHS Pension Scheme. These reforms didn’t apply to members closest to retirement, who stayed in their legacy schemes with ‘transitional protection’.

This means that members with full protection didn’t have to move to the reformed 2015 Scheme at all, and members with tapered protection could stay in their existing scheme for longer than members without transitional protection.

The Court of Appeal later found that this discriminated against younger members. The government is removing this age discrimination from public service pension schemes where transitional protection was introduced.

If you were affected by the changes in 2015, when it’s time to pay you your pension benefits, you’ll be asked if you want to receive legacy scheme or reform scheme benefits for your service between 1 April 2015 and 31 March 2022. This is when the discrimination could apply and it’s called the remedy period.

https://www.nhsbsa.nhs.uk/changes-public-service-pensions

This is welcome news for my wife :)

RC

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