A new NHS Pension Scheme – called the NHS 2015 Pension Scheme – will be introduced in England and Wales on 1 April 2015. The scheme’s introduction followed many months of intensive negotiations and industrial action from GMB members in 2011, which was successful in delivering improvements to the proposals for scheme reform.
Under the terms of the NHS Pension reforms, the scheme will continue to apply on a defined benefit basis, ensuring guaranteed levels of pensions payable in full from state pension age at the latest, and subject to index linked increases. The structure of the scheme will be kept under financial review in the future and changes to future costs could result in changes to the scheme benefits or contributions rates. GMB members would be consulted in the event of such proposed changes, and this guide would be updated accordingly.
Read the attached document for further information