NHS Pension - Membership in two schemes

Lyz

I’ve been in the NHS Pension Scheme since 1997, we were automatically transferred from the 1995 Scheme to the 2015 Scheme. I know I can retire at 60 and take the full part of my 1995 pension but what happens to the part that is in the 2015 Scheme as I am not entitled til that u til my state pension age which is 67. Does anyone have any straight forward answers please and it’s not at all clear from the NHS Pension website and my employer doesn’t know. Thanks

molerat

It sits there and grows with inflation until you take it. There are options, clearly described in the scheme booklet, to start taking the pension before the normal retirement date.

xylophone

You should check with the scheme administrator but presumably the position would be that you could take your age 60 benefits and either draw the SPA benefits with actuarial reduction or leave deferred until SPA?

https://www.which.co.uk/money/pensions-and-retirement/company-pensions/public-sector-pensions-explained/nhs-pension-schemes-explained-azydt0q5t434

You can google for the NHS Retirement Guide.