NHS Pension Projection

Stoodles

I have been unable to work for some years. My Total Reward Statement gives a figure for my Pension and Lump Sum at normal retirement age, but goes on to say "Any projection to your Normal Pension Age ... is provided on the assumption you continue to be a contributing member of the 1995 Section until you retire." I haven't been a contributing member since 2012, but the projections have been rising steadily. Will I receive the projected figure, or something else altogether?

Stoodles

Anyone know anything about this? I've searched, but I can't find anything definite.

Silvertabby

This is (or should be!) a deferred statement.
Increases since 2012 will be (or should be!) annual cost of living increases.

However, if each annual increase has been more than about 3%, then you will need to speak to NHS pensions just in case they didn't defer your pension records when you left.  This shouldn't have happened, but is the only explanation if your annual increases have been substantial.

Flugelhorn

I found that trying to work out the NHS pension needed a crystal ball also depended if it was officer or practitioner  - DH left NHS in 2005 -  deferred and took pension in 2017, his pension was based on what it would have been in 2005 looking at final salary then and the annual cost of living increases were added up to 2017. Actually quite straightforward to calculate with info available online
Mine was a mix of officer and practitioner, utter chaos, contributions took ages to be acknowledged and the final figure was only sorted 18 months after I retired

Hopefully your experience will be more like DH's