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NHS pension statements in light of McCloud

DoublePolaroid
Posts: 199 Forumite

My pension statement has very recently been updated to reflect the McCloud judgement and my membership prior to 2022 has reverted back to the 1995 scheme.
As I had anticipated, this actually leaves me worse off (though the specific and currently unknown age I retire will affect this calculation). I'm not concerned about that in the slightest as I understand that I will be in a position to choose whether to remain in the legacy scheme for the remedy period or revert back to the 2015 scheme when I retire as I'll be given the choice at that time.
I do though like to plan as accurately as I can and whilst I am able to roughly model the growth of my pension going forward as if I had not reverted to the '95 scheme, I would ideally like to have accurate statements to reflect my position had I not been reverted back to the legacy scheme, on an annual basis.
My questions are, is there a statutory requirement for public sector schemes to provide dual statements eventually, one each for the different positions? If (as I suspect) not, is anybody aware if NHSBA has any plans to offer this to members, prior to the time of making the decision (i.e. at retirement)? It's likely a forlorn hope but I figured the question is worth a punt.
As I had anticipated, this actually leaves me worse off (though the specific and currently unknown age I retire will affect this calculation). I'm not concerned about that in the slightest as I understand that I will be in a position to choose whether to remain in the legacy scheme for the remedy period or revert back to the 2015 scheme when I retire as I'll be given the choice at that time.
I do though like to plan as accurately as I can and whilst I am able to roughly model the growth of my pension going forward as if I had not reverted to the '95 scheme, I would ideally like to have accurate statements to reflect my position had I not been reverted back to the legacy scheme, on an annual basis.
My questions are, is there a statutory requirement for public sector schemes to provide dual statements eventually, one each for the different positions? If (as I suspect) not, is anybody aware if NHSBA has any plans to offer this to members, prior to the time of making the decision (i.e. at retirement)? It's likely a forlorn hope but I figured the question is worth a punt.
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Comments
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All schemes must issue Remedy Savings Statements by 31st March 2025. These set out pension under both 2015-22 options.
Schemes must then issue combined Annual / Remedy Savings Statements each year by 31st August to active members, and statements to deferred members on request.3 -
Is the Remedial Service Statements section here what you're looking for?
https://www.nhsbsa.nhs.uk/employer-update-public-service-pension-remedy-mccloud-september-20231 -
Thank you both. This forum is excellent. I managed to miss that part of the website D&C, despite becoming very familiar with it in recent years.0
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