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- NHS_Pension_Scheme abstract "The NHS Pension Scheme is a large pension scheme for people who work for the English NHS and NHS Wales. It is administered by the NHS Business Services Authority, a special health authority of the Department of Health of the United Kingdom.The main benefits and conditions of the scheme are explained in the NHS Pensions document Scheme Guide - NHS Pension Scheme [1]. The benefits and conditions vary according to the type of worker and the dates of their service; from 2008 the "Normal Retirement Age" changed from 60 years to 65 years while the proportion of pay upon which a pension is based was increased. The benefits are index-linked and guaranteed. They are based on final salary (members who joined before 1 April 2008) or average salary (members who joined after 1 April 2008) and years of membership of the scheme. There are no administration costs. Members can increase their contributions if they wish to get larger benefits (within certain limits).The NHS pension scheme is currently in surplus and has been in net surplus for the past 17 years in the order of £11 billion [2]. (Please note that the table in the link shows net cashflows to be positive, i.e. contributions to the scheme being greater than benefits outgo, and not the funding level of the scheme. A positive net cashflow is entirely different from a pension scheme being in surplus. In order for a scheme to be in surplus the total assets held must be greater than the total present value of benefits due to all members - the liabilities. The NHS Pension Scheme is an unfunded scheme backed by the Exchequer; it does not hold any assets. As such the scheme cannot be in surplus. The liabilities of the NHS Pension Scheme as at 31 March 2013 were calculated by the Government Actuaries Department to stand at £284.2 billion, an increase of £37.2 billion from the liabilities at 31 March 2012 of £247.0 billion [3]. Total contributions to the scheme were £9.2 billion and benefit payments of £10.3 billion for the year 2012-13.)The office of budget reporting revised sharply their predictions for pension receipts last year to predict a deficit by 2013-14, instead of 2016 as predicted the year before [4]. The downturn was ascribed to frozen public sector salaries and hence pension receipts as well as higher than normal employees taking early retirement [5].".
- NHS_Pension_Scheme wikiPageExternalLink Fiscal-Supplementary-Tables-AS11.xls.
- NHS_Pension_Scheme wikiPageExternalLink johnread3.blogspot.com.
- NHS_Pension_Scheme wikiPageExternalLink 5038842.article.
- NHS_Pension_Scheme wikiPageExternalLink NHS_Pension_Scheme_Accounts_2013-13.pdf.
- NHS_Pension_Scheme wikiPageExternalLink SD_GUIDE_COMPLETE.pdf.
- NHS_Pension_Scheme wikiPageExternalLink Sinar_figures.pdf.
- NHS_Pension_Scheme wikiPageExternalLink pensions.
- NHS_Pension_Scheme wikiPageExternalLink www.nhsemployers.org.
- NHS_Pension_Scheme wikiPageID "3010023".
- NHS_Pension_Scheme wikiPageRevisionID "585850784".
- NHS_Pension_Scheme hasPhotoCollection NHS_Pension_Scheme.
- NHS_Pension_Scheme subject Category:NHS_Wales.
- NHS_Pension_Scheme subject Category:National_Health_Service_(England).
- NHS_Pension_Scheme subject Category:Pensions_in_the_United_Kingdom.
- NHS_Pension_Scheme type Abstraction100002137.
- NHS_Pension_Scheme type Attribute100024264.
- NHS_Pension_Scheme type Condition113920835.
- NHS_Pension_Scheme type Cost113275847.
- NHS_Pension_Scheme type IllHealth114052046.
- NHS_Pension_Scheme type Injury114285662.
- NHS_Pension_Scheme type NHSWales.
- NHS_Pension_Scheme type Outgo113275288.
- NHS_Pension_Scheme type PathologicalState114051917.
- NHS_Pension_Scheme type Payment113278375.
- NHS_Pension_Scheme type Pension113384164.
- NHS_Pension_Scheme type PensionsInTheUnitedKingdom.
- NHS_Pension_Scheme type PhysicalCondition114034177.
- NHS_Pension_Scheme type Possession100032613.
- NHS_Pension_Scheme type RegularPayment113281275.
- NHS_Pension_Scheme type Relation100031921.
- NHS_Pension_Scheme type State100024720.
- NHS_Pension_Scheme type TransferredProperty113252973.
- NHS_Pension_Scheme type Wale114298620.
- NHS_Pension_Scheme comment "The NHS Pension Scheme is a large pension scheme for people who work for the English NHS and NHS Wales. It is administered by the NHS Business Services Authority, a special health authority of the Department of Health of the United Kingdom.The main benefits and conditions of the scheme are explained in the NHS Pensions document Scheme Guide - NHS Pension Scheme [1].".
- NHS_Pension_Scheme label "NHS Pension Scheme".
- NHS_Pension_Scheme sameAs m.08kbj4.
- NHS_Pension_Scheme sameAs Q6954157.
- NHS_Pension_Scheme sameAs Q6954157.
- NHS_Pension_Scheme sameAs NHS_Pension_Scheme.
- NHS_Pension_Scheme wasDerivedFrom NHS_Pension_Scheme?oldid=585850784.
- NHS_Pension_Scheme homepage pensions.
- NHS_Pension_Scheme isPrimaryTopicOf NHS_Pension_Scheme.