Nhs Pension 1995 Section

There are three different sections of nhs pension scheme the 1995 section the 2008 section and the 2015 section.

Nhs pension 1995 section. If you joined the 1995 section before 6 april 2006 you can choose to take early retirement from age 50. The 1995 section and the 2008 section. Both sections are governed by regulations laid down by parliament.

On 6 march 1995 the nhs pension scheme regulations were amended and sc status was abolished for all members however an exception was made for members who already held sc status on or before this date and who did not have a break in membership of 5 years or more. You must have a 24 hour break from employment you must work no more than 16 hours per week in the first calendar month after retirement to avoid your pension being suspended. The 1995 2008 scheme is divided into two sections.

The normal pension age for members of the 1995 section is age 60. If you joined the 1995 section on or after 6 april 2006 your minimum pension age is 55 unless you have a protected minimum pension age. However certain restrictions will apply.

Sc status does not apply in the 2008 section or the 2015 scheme. The 2015 section pays an income based on your career average earnings which is less generous than the final salary scheme. The nhs superannuation scheme scotland 1995 section is one of three nhs pension schemes for people directly employed by the nhs along with medical dental opthalmic practitioners general medical practice staff and staff working for certain approved employers in scotland.

Nurses midwives health visitors physiotherapists and mental health officers in the 1995 section and in post on or before 6 march 1995 which we describe as having special class status have the right to retire from a normal pension age of 55 without a reduction applied to their pension subject to certain criteria being met. The 1995 2008 scheme is closed to new entrants however some members retain the right to membership of this scheme. The 1995 and 2008 sections of the nhs pension scheme pay a final salary pension.

After retiring from the 1995 section of the scheme you can return to work within the nhs. It s a microsoft excel file and covers the needs of most members of the 1995 section the 2008 section and the 2015 scheme as well as members who have benefits in more than one section or. There are two nhs pension schemes the 1995 2008 scheme and the 2015 scheme.