Retirement Policy & Procedure
|
|
- Belinda Hampton
- 5 years ago
- Views:
Transcription
1 VELINDRE NHS TRUST REF: BLACK 36 Trust Procedure/Policy Retirement Policy & Procedure Policy Lead: Executive Director of Workforce & OD Approved By: Trust board Page 1 of 13
2 EXECUTIVE SUMMARY RETIREMENT POLICY Overview: The policy outlines the retirement options available to employees. It also details the associated procedures and responsibilities to be followed when an employee wishes to pursue the option of retirement and/or decides to retire from their post within the Trust. Who is the policy intended for: Key Messages included within the policy: All Trust Staff/Trust Policy leads The Trust is no longer able to impose a default retirement date on employees. The Trust is responsible for informing employees of their right to retire from employment. Employees have a right to choose a retirement date Employees are able to purse flexible retirement options Eligible employees have a right to assess a retirement gratuity payment when they retire from the Trust. PLEASE NOTE THIS IS ONLY A SUMMARY OF THE POLICY AND SHOULD BE READ IN CONJUNCTION WITH THE FULL POLICY DOCUMENT Approved By: Trust board Page 2 of 13
3 Contents in a table format including all main headings and appendices in font black Arial 12. Section Item Page Number Executive Summary 2 1 Policy Statement 4 2 Scope of the Policy 4 3 Principles 4 4 Definitions of Retirement Normal Retirement Early Retirement Voluntary Early Retirement with Reduced Benefits Member of the Special Classes Ill Health Retirement Premature Retirement (Early Release of Benefits) 6 5. Flexible Retirement Wind Down Step Down Access Pensions and Return to Work 7 6. Impact on Salary and Pension 7 7. Retirement Procedure 8 8. Recognition at Retirement 8 9. Preparing for Retirement 8 Appendix 1 Appendix 2 Appendix 3 NHS Pension Scheme Glossary of Terms Retirement Gratuity Form. Approved By: Trust board Page 3 of 13
4 RETIREMENT POLICY/PROCEDURE 1. POLICY STATEMENT Velindre NHS Trust places a high value on the part played by all employees in the provision of services to patients and donors and seeks to ensure that the management of its employees is carried out in accordance with the principles of equality and fairness. The Trust also takes seriously its obligation to ensure that when an employee is approaching their chosen retirement date, they are treated with dignity and respect and that all necessary arrangements are made to ensure that the transition to retirement is managed smoothly. The policy and procedures outlined in this document are provided to enable managers to take the appropriate action when an employee decides to retire from their post within the Trust. 2. SCOPE OF THE POLICY The Retirement Policy applies equally to all employees employed by Velindre NHS Trust, regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex and sexual orientation. The principles of the Human Rights Act 1998 also apply to this policy. Special provisions are included within the policy which may apply to particular staff groups e.g. medical and nursing staff. 3. PRINCIPLES The Trust recognises that its employees skills and experience are vital to the success of the organisation and in support of its retention strategy. It is also appreciated that employees are choosing to work longer for a variety reasons. In accordance with the Employment Equality (Repeal of Retirement Age Provisions) Regulations, 2011, the Trust will not impose a default retirement date on employees, rather it will support them in their chosen retirement date and the access to their NHS Pension fund. Under the terms of this policy, the definitions of retirement are in accordance with those prescribed within the NHS pension scheme. 4. DEFINITIONS OF RETIREMENT The NHS pension scheme guide 2011 ( _(V6)_ pdf), provides full detail regarding retirement definitions within the NHS. In support of this guide, this policy provides an overview of the key differences between the 1995 NHS pension scheme and 2008 NHS pension scheme in Appendix 1. Approved By: Trust board Page 4 of 13
5 4.1 NORMAL MINIMUM RETIREMENT The Trust will not place a default retirement age on any of its employees; rather, it will support them when they choose to retire from their employment in accordance with the NHS pension scheme of; Staff aged 60 or over (i.e. NHS Pension retirement age) Staff aged 55 to 59 with Special Class status Staff aged who joined the 1995 section of the NHS Superannuation Scheme before 6th April 2006 and have chosen to access their pension early with reduced benefits Staff aged 55 or over who joined the NHS Superannuation Scheme on or after 6th April 2006 and have chosen to access their pension early with reduced benefits Staff who have purchased additional years under the pension scheme should contact the Pensions Department for advice on the impact of this on their retirement date and benefits payable. If an employee chooses not to retire at their normal minimum retirement age, they can remain members of the NHS Pension scheme and can continue to contribute to the scheme up to age 75, except for members of the special classes whose contributions must stop at age 65, or until they reach a maximum of 45 years scheme membership if this is before such an age. Where an employee chooses to retire from their post (in accordance with above criteria) within the Trust and access their NHS pension fund, they should notify their manager in writing at least 6 months prior to their intended termination date. This will allow adequate time for the NHS pension department to ensure that the pension fund is payable from the employees chosen retirement date. 4.2 EARLY RETIREMENT Under the NHS Pension Scheme, early retirement is allowable under the circumstances outlined below. However it should be noted that release of pension benefits is subject to Guaranteed Minimum Pension (GMP) testing VOLUNTARY EARLY RETIREMENT WITH REDUCED BENEFITS Employees may voluntarily retire at any time from the age of 50 years onwards provided they have at least two years pensionable service and they joined the NHS pension scheme before April Employees who have joined the scheme after April 2008 may opt to take voluntary early retirement from age 55 years onwards. An application for early retirement should be made by the member of staff at least 6 months prior to their chosen early retirement date to their line manager. If early retirement is chosen before the age of 60 years, (or age 65 for those Approved By: Trust board Page 5 of 13
6 joining the scheme after April 2008) benefits will be reduced in order to take account of the early payment of benefits. Employees considering taking voluntary early retirement should request an estimate of the benefits and the GMP from the Trusts Pensions department to ensure they would be entitled to retire under this scheme MEMBERS OF THE SPECIAL CLASSES This applies to any member of the scheme who is employed as a nurse or physiotherapist who joined the NHS Pension Scheme before 6 March Such employees may retire at any time from the age of 55 years onwards provided they have at least five years pensionable employment immediately before their chosen retirement date. Benefits are not reduced in these circumstances. Members of the special classes cannot continue to pay in to their pension after age ILL HEALTH RETIREMENT Benefits may be paid when early retirement occurs due to ill health. This is managed in accordance with the Trusts Sickness Absence Policy (Black 36) PREMATURE RETIREMENT (EARLY RELEASE OF BENEFITS) An employee of minimum retirement age, with at least 2 years membership within the NHS pension scheme, may access their pension benefits early if they retire early through one of the following circumstances: Redundancy Reorganisation Interests of the efficiency of the Service 5 FLEXIBLE RETIREMENT The Trust recognizes that employees may wish to phase down rather than fully retire, therefore, to support this, the following schemes are available: 5.1 WIND DOWN This results in the employee working fewer hours within their current post. Winding down involves a corresponding reduction in earnings, the pension entitlement would continue to grow however, this would be at a slower rate. The eventual pension would be calculated on the total membership accrued which would be higher than if the member had retired before winding down. 5.2 STEP DOWN Approved By: Trust board Page 6 of 13
7 Stepping down involves moving to a lower banded, less responsible job (subject to such a post being vacant), while still enabling the employee to make good use of acquired skills and the Trust to retain the experience of its employees. With the agreement of the Trust, the member may wish to take this option and voluntarily protect their pay up to the date of the step down. To qualify for voluntary protected pay the member; Must be over the minimum retirement age Their pay must have reduced by at least 10% Be in their new job for at least 12 months Can only apply for this once Apply to NHS Pensions for the protection with 15 months of their pay reducing With the formal agreement of the Trust the pension entitlement at the point of stepping down would be secured and increased in line with the cost of living. A second pension would then be started on the lower level of pay. When the employee chooses to fully retire from employment, two separate pensions will be calculated and combined for payment or, if it is more beneficial, and a single pension based on the full membership and the final pay. 5.3 ACCESS PENSION & RETURN TO WORK In order for pension benefits to be payable there must be a minimum break in service of 24 hours before resuming work in the NHS. Previous service will not then count towards redundancy. By arrangement with the Trust, an employee can retire, access their NHS pension and then return to work in a lower banded post (subject to vacant posts) or on reduced hours within the same post (subject to the Trust being able to reduce the hours of the post or fill the remaining vacant hours). Under the rules that govern the pension scheme the employee cannot work more than 16 hours per week in the first month of their, re-employment otherwise the pension will be suspended. 6 IMPACT ON SALARY & PENSION Where a member with Special Class Status has retired and returns to work aged less than 60 they cannot earn more through their pension and postretirement employment than their pensionable pay figures at retirement. If this happens their pension will be abated to bring the total income down to the required level. Employees who were in the scheme before April 2008 and have not opted to join the new scheme cannot re-join the scheme after retiring and returning to Approved By: Trust board Page 7 of 13
8 work. Members of the new scheme may re-join the pension scheme if opting to retire and return. 7 RETIREMENT PROCEDURE The employee should notify their manager, in writing, of their intention to retire 6 months prior to their chosen retirement date. This will ensure that their pension is processed in readiness to be payable from their retirement date. The notice of termination must be immediately completed by the line manager six months prior to the date of termination and submitted to the payroll department as a matter of urgency. It is essential that the termination form is clearly marked, retirement- accessing pension benefits. 8. RECOGNITION AT RETIREMENT Divisional Directors should inform the Director of Workforce & OD of impending retirements and the Chairman will then write to each member of staff upon their retirement. A retirement gratuity will be paid to each eligible retiree as set out in the schedule at Appendix PREPARING FOR RETIREMENT A pension quote will be provided by the Pensions Department as part of the retirement process. If a quote is required beforehand one can be requested from the Pensions Department or from the NHS Pension Agency. Estimates can be obtained via estimates@nhspa.gov.uk or by calling the Pensions Agency on All employees will be given the opportunity to attend a pre-retirement course dependant on the length of notice received. This will provide an opportunity to discuss key issues of retirement, including the lifestyle change it brings. It will also enable employees to meet other employees who have also chosen to retire from their employment within the NHS. It is the responsibility of managers to ensure that their employees are made aware of the pre-retirement courses and to make appropriate arrangements. The cost of the pre-retirement courses will be met by the relevant department within the Trust. Arrangements will be made by the Workforce and Organisational Development Department to provide and publicise pre-retirement courses. APPENDIX 1 NHS Pension Scheme New NHS Pension Scheme Approved By: Trust board Page 8 of 13
9 (for staff in NHS Pension (for staff joining NHS scheme prior to 1 st April 2008 Pension scheme after 1 st and remaining in this April 2008) scheme) Normal Retirement Age 60 (55 for special classes) Membership Limits From age 16 to 75 Overall membership limit, for future service, of 45 years Earnings Limits No earnings limit for future service Accrual Rate 1/80 th final salary scheme CARE for practitioners accrual rate of 1.4% Retirement Lump Sum Final Salary Based On Practitioner Pension Based On Saving for Increased Pensions Automatic fixed tax free lump sum plus ability to commute part of pension for increased lump sum up to 25% of pension value Best of last 3 years pensionable pay All pensionable earnings re-valued by dynamising factors determined by changed in RPI plus 1.5% Additional pension purchase. Existing added years' contracts honoured but no new contracts. Money Purchase Additional Voluntary Contributions and Stakeholder Pensions 65 From age 16 to 75 Overall membership limit of 45 years No earnings limit 1/60 th final salary scheme CARE for practitioners, accrual rate of 1.87% Total flexibility to give up part of pension for a tax free lump sum of up to 25% of pension value Annual average of best 3 consecutive pensionable pay, in last 10 years; all years before last year revalued by RPI All pensionable earnings re-valued by dynamising factors determined by changed in the retail price index plus 1.5% Additional pension purchase. Money Purchase Additional Voluntary Contributions and Stakeholder Pensions NHS Pension Scheme (for staff in NHS Pension scheme prior to 1 st April 2008 New NHS Pension Scheme (for staff joining NHS Pension scheme after 1 st Approved By: Trust board Page 9 of 13
10 Voluntary Early Retirement Flexible Retirement Survivor Benefits Survivor Pensions on Death in Service and remaining in this April 2008) scheme) From age 50 From age 55 Pensionable reemployment if member retired on ill-health grounds, draws a pension and return to the NHS under age 50. Pension payable on retirement only. Step Down voluntary pension protection where pay is reduced on taking a less demanding job All qualifying partners eligible for pension backdated to All qualifying partners keep survivor pension even if they re-marry or co-habit. Initial Partner Pension to be paid for 6 months in all cases. For members retiring on or after 1 April 2008 and before the choice exercise pensionable re-employment available in New Scheme after a break of 2 years. Pensionable reemployment on return to work after retirement and re-join the Scheme. Draw Down taking part of pension whilst continuing in a less demanding NHS employment. All qualifying partners eligible for pension backdated to All qualifying partners keep survivor pension even if they re-marry or co-habit. Initial Partner Pension to be paid for 6 months in all cases. GLOSSARY OF TERMS Pensionable Earnings: APPENDIX 2 The earnings on which a pension is calculated are usually the whole time equivalent salary in the best of the last three years of employment. Approved By: Trust board Page 10 of 13
11 Pensionable Service: Pension Entitlement: Lump Sum: Added Years: AVC: Additional Voluntary Contributions GMC: The number of years an employee has been part of the NHS Pension Scheme, with contributions made from salary and from employers. It is calculated as a whole time equivalent, each day worked counts to pensionable service. Pensioners receive 1/80th of pensionable earnings for each full year they have been a member of the scheme and making contributions Normally on retirement pensioners will receive a lump sum of 3 times the annual pension entitlement A facility to pay additional contributions to increase annual pension and lump sum. Additional Voluntary Contributions A method of topping up a pension by extra financial contributions from the member of employees s own chosen provider Guaranteed Minimum Pension Further Information can be found: NHSPA Website: Flexing Retirement Helpline: All NHS staff can review their retirement options and how they will affect pension. The following booklet can be obtained from the Pensions Department: Scheme Guide to the NHS Pension Scheme. Injury Benefits The following factsheets are available from the Pensions Department Leaving Early and Transferring Out Early Retirement Age Retirement Family Benefits and Life Assurance Approved By: Trust board Page 11 of 13
12 Appendix 3 VELINDRE NHS TRUST RETIREMENT GRATUITY AND ASSOCIATED HOSPITALITY This form to be completed by the Departmental Manager. Employee s Name: Department Address: Date of Birth: Date of Retirement: Payroll Number: Details of service with Velindre NHS Trust or preceding employer(s) within NHS Wales where the change of employer was as a result of service reconfiguration Employer From To Number of completed years service [Qualifying service must be unbroken ie no breaks of service exceeding 3 months I confirm that a Retirement 10/yr should be paid on the basis of years service. I do/do not* wish for funding for hospitality (up to maximum of 50) - please state amount Manager s Name: Date: Signature: EMPLOYEES CHOICE: I wish to receive a *cash payment via salary or a gift voucher (both taxable) / OR a gift (*delete as appropriate) Employee s Signature: Approved By: Trust board Page 12 of 13
13 Workforce Department I confirm that a Retirement Gratuity is payable based on the following calculation: 10 per annum = Signed: Designation: Date Finance Department Finance signatory approval and notification to Departmental Manager Signed Designation: Date:. Approved By: Trust board Page 13 of 13
CAREER BREAK POLICY. HR Business Partner, Hayley Moorhouse Accountable Manager(s) Staff Intranet. Version No
CAREER BREAK POLICY Policy Author(s) HR Business Partner, Hayley Moorhouse Accountable Manager(s) Jan Snoddon, Chief Nurse Ratified by (Committee/Group) HR & OD Committee Date Ratified June 2016 Target
More informationCareer Break Policy Date Impact Assessed: Version No: No of pages: Date of Issue: Date of next review: Distribution: Published:
Career Break Policy Date Impact Assessed: March 2014 Version No: 2 No of pages: 14 Date of Issue: March 2014 Date of next review: March 2018 Distribution: All employees Published: March 2014 Career Break
More informationVersion: 2. Date adopted: Review date: April Expiry date: 1 January Target audience: All LPT Staff
Retirement Procedure This Procedure describes the process to be followed by employees wishing to retire. It also provides general guidance on retirement for employees and managers. Key Words: Retirement,
More informationRETIREMENT POLICY NO. HRP31
RETIREMENT POLICY NO. HRP31 Applies to: All Staff Committee for Approval Education and Workforce Committee Date of Approval: 12/7/2011 Review Date: 12/7/2012 Name of Lead Manager Jo Harvey Version 2 Retirement
More informationPOLICY REF NO SABP/EXECUTIVE BOARD/0015/POLICY01
POLICY REF NO SABP/EXECUTIVE BOARD/0015/POLICY01 NAME OF POLICY: REASON FOR THE POLICY Retirement Policy To implement a fully flexible approach to retirement of all employees and to ensure that the Trust
More informationCareer Break Policy. Remuneration Committee 27 February months. Review date: Page 1 of 12
Career Break Policy Ref: ELCCG_HR06 Version: Version 3 Supersedes: Version 2 Author (inc Job Title): Ratified by: (Name of responsible Committee) LCSU HR Date ratified: 27 February 2017 Remuneration Committee
More informationCHILDCARE VOUCHER SCHEME POLICY AND PROCEDURE 1. SCOPE
CHILDCARE VOUCHER SCHEME POLICY AND PROCEDURE 1. SCOPE This policy applies to all qualifying individuals within Abbeyfield Scotland Limited (ASL), regardless of grade or position, level of salary, length
More informationCareer Break Policy. Policy ID. HR36 Version v1.0 Owner
Career Break Policy Policy ID HR36 Version v1.0 Owner Alison McQuillan Approving Committee Remuneration and Nominations Committee Date agreed 29th July 2016 Next review date: 29 th July 2019 Version History
More informationHUMAN RESOURCES POLICY CAREER BREAK
North of England Clinical Commissioning Groups HUMAN RESOURCES POLICY CAREER BREAK Policy Number: HR05 Version Number: 1.0 Issued Date: April 2013 Review Date: May 2015 Sponsoring Director: Prepared By:
More informationBARNSLEY CLINICAL COMMISSIONING GROUP RETIREMENT POLICY
Putting Barnsley People First BARNSLEY CLINICAL COMMISSIONING GROUP RETIREMENT POLICY Version: 1 Approved By: Governing Body Date Approved: 13 March 2014 Name of originator / author: HR Manager, WSYBCSU
More informationHUMAN RESOURCES POLICY
North of England Clinical Commissioning Groups HUMAN RESOURCES POLICY RETIREMENT Policy Number: HR29 Version Number: 2.0 Issued Date: May 2015 Review Date: May 2017 Sponsoring Director: Prepared By: Consultation
More informationPlease note that the information provided will only be used for local and central pensions / payroll administration purposes.
NHS Pensions Scheme New Employee Joiner Questionnaire This questionnaire captures details from new employees regarding their current status within the NHS Pension Scheme. This must be completed as fully
More informationCareer Break Policy. Page 1
Career Break Policy Page 1 Policy Title: Supersedes: Career Break Policy Any previously agreed policies Description of Amendment(s): This policy will impact on: Financial Implications: All CCG Staff N/A
More informationRETIREMENT POLICY. Version Version 2. Ratified By. NHS West Cheshire Clinical Commissioning Group Governing Body. Date Ratified
RETIREMENT POLICY Version Version 2 Ratified By Date Ratified Author(s) Responsible Committee / Officers NHS West Cheshire Clinical Commissioning Group Governing Body January 2014 Governing Body Cheshire
More informationJPG (Trade Unions) March Specialist Advice (if required) n/a. THCCGHR2 Sickness absence Policy. THCCGHR3 Equality and Diversity Strategy
Career Break Policy Number: THCCGHR50 Version: 1 Executive Summary The Career Break Policy has been designed to allow employees the opportunity to take an unpaid break from their employment, of up to 5
More informationPolicies, Procedures, Guidelines and Protocols
Policies, Procedures, Guidelines and Protocols Document Details Title Retirement Policy and Procedure Trust Ref No 735-32129 Local Ref (optional) N/A Main points the document covers The policy sets out
More informationSCHEME GUIDE NHS Pension Scheme
SCHEME GUIDE NHS Pension Scheme www.nhsbsa.nhs.uk/pensions Supporting the NHS, supplying the NHS, protecting the NHS NHS Pensions is a service provided by the NHS Business Services Authority V7 - September
More informationRetirement Policy and Procedure
Retirement Policy and Procedure Ratification Process Lead Author: Developed by: Senior OD & HR Manager, C&P CCG Senior OD & HR Manager, C&P CCG Approved by: 17/11/2015 Joint Consultation and Negotiating
More informationThe 2015 Scheme is a defined benefit pension scheme which means you get a guaranteed level of benefit at retirement.
HSC Pension Service Provided by... Business Service Organisation The new 2015 HSC Pension Scheme explained The 2015 HSC Pension Scheme came into effect on 1 April 2015. This factsheet provides an outline
More informationA New Look Local Government Pension Scheme from 1 st April 2008
A New Look Local Government Pension Scheme from 1 st April 2008 As part of a general review of public sector pension schemes, the Government has introduced changes to the Local Government Pension Scheme
More informationNHS Rotherham Clinical Commissioning Group
NHS Rotherham Clinical Commissioning Group Operational Executive 25-8-17 AQUA 7-11-17 Clinical Commissioning Group Governing Body - 6-12- 2017 HR Policies Update Lead Executive: Chris Edwards Chief Officer
More informationTransfers to USS. This factsheet explains the options you may have for transferring benefits in to USS from other pension schemes.
TRANSFERS TO USS CAREER REVALUED BENEFITS SECTION Transfers to USS This factsheet explains the options you may have for transferring benefits in to USS from other pension schemes. What is a pension transfer?
More informationAmanda Oates Elizabeth Seed
Policy Number 9.22 Policy Name Policy Type Retirement Procedure Divisional Accountable Director Author Recommending Committee N/A Approving Committee Amanda Oates Elizabeth Seed N/A Date Originally Approved
More informationHERMES GROUP PENSION SCHEME
HERMES GROUP PENSION SCHEME CONSOLIDATED RULES AS AT 1 NOVEMBER 2011 Sacker & Partners LLP 20 Gresham Street London EC2V 7JE T +44 (0)20 7329 6699 F +44 (0)20 7248 0552 DX 42615 Cheapside www.sackers.com
More informationGuide for members. Securing tomorrow, today
Guide for members Securing tomorrow, today V21-03/2018 Welcome Welcome to the guide for the 1995/2008 NHS Pension Scheme for England and Wales. This Scheme closed with effect from 1 April 2015 except for
More informationGuide for members. Enter. Securing tomorrow, today
Guide for members Enter Securing tomorrow, today V21-03/2018 Welcome Welcome to the guide for the 1995/2008 NHS Pension Scheme for England and Wales. This Scheme closed with effect from 1 April 2015 except
More informationHUMAN RESOURCES POLICY
North of England Clinical Commissioning Groups HUMAN RESOURCES POLICY RETIREMENT Policy Number: HR29 Version Number: 4.0 Issued Date: July 2018 Review Date: July 2021 Sponsoring Director: Prepared By:
More informationNHS Pensions. Jargon Buster
NHS Pensions Jargon Buster NHS Pensions Jargon Buster (V7) 04.2017 Welcome to the NHS Pensions jargon buster We know that understanding your pension entitlement is important and will help you make the
More informationJoining the Local Government Pension Scheme (LGPS) 2014 Starter Information
Joining the Local Government Pension Scheme (LGPS) 2014 Starter Information Please read this leaflet, including the information about how to complete the forms Please complete and return the LGPS / New
More informationSHROPSHIRE COUNTY PENSION FUND. A brief guide to the Local Government Pension Scheme (LGPS) April 2018 v7
SHROPSHIRE COUNTY PENSION FUND A brief guide to the Local Government Pension Scheme (LGPS) April 2018 v7 Contents Section 1 - Highlights of the LGPS Page 3 Section 2 - The scheme Page 4 Who can join? What
More informationNHS Professionals. Introduction. Key Features of the 2015 Scheme RETIREMENT PLANNING RETIREMENT PLANNING
Simon Bell Associate Partner St. James s Place Wealth Management Telephone: 07971 087 703 Email: simon.bell@sjpp.co.uk Website: www.sjpp.co.uk/simonbell RETIREMENT PLANNING NHS Professionals Introduction
More informationSH HR 71. Version: 1. Summary:
SH HR 71 Version: 1 Summary: This document provides details to managers and employees of Southern Health NHS Foundation Trust on pay protection arrangements. Keywords: Target Audience: pay protection,
More informationPolicy Number 9.22 Policy Name Policy Type Accountable Director Author
Policy Number 9.22 Policy Name Policy Type Accountable Director Author Divisional (Specialist Learning Disability) Mark Hindle Liz Seed, HR Advisor Recommending Committee SpLDD Policy and Procedure Group
More informationTRUST-WIDE NON-CLINICAL POLICY DOCUMENT RETIREMENT GUIDANCE. Policy Number: Scope of this Document:
TRUST-WIDE NON-CLINICAL POLICY DOCUMENT RETIREMENT GUIDANCE Policy Number: Scope of this Document: Recommending Committee: Approving Committee: HR-G4 All Staff HR Policy Group Executive Committee Date
More informationNHS Pension Scheme Useful dates
NHS Pension Scheme Useful dates This document has been produced at the request of the National Group and is for use by NHS Employing Authorities. It provides a list of useful dates and historical events
More informationRETIREMENT AND RETIREMENT GIFT POLICY. July HR Policy: Date Issued: July 2016 Date to be reviewed: 3 years or if statutory changes are required
RETIREMENT AND RETIREMENT GIFT POLICY July 2016 HR Policy: Date Issued: July 2016 Date to be reviewed: 3 years or if statutory changes are required Policy Title: Supersedes: Description of Amendment(s):
More informationSection 16: Redundancy pay (England)
Section 16: Redundancy pay (England) Introduction 16.1 This Section sets out the arrangements for redundancy pay for employees dismissed by reason of redundancy who, at the date of termination of their
More informationTHE EDF ENERGY PENSION SCHEME. A guide for new joiners
THE EDF ENERGY PENSION SCHEME A guide for new joiners January 2016 CONTENTS Welcome 3 CARE Section 4 At a glance How it works Membership and contributions Building retirement benefits today Building retirement
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales October 2010 About this Booklet Index About the Local Government Pension Scheme (LGPS) Who
More informationThe Police Pension Scheme Members Guide
The Police Pension Scheme 1987 Members Guide Crown Copyright 2006 The text in this document (excluding department logos) may be reproduced free of charge in any format or medium providing that it is reproduced
More informationSHROPSHIRE COUNTY PENSION FUND. A brief guide to the Local Government Pension Scheme (LGPS) July 2018 v8
SHROPSHIRE COUNTY PENSION FUND A brief guide to the Local Government Pension Scheme (LGPS) July 2018 v8 Contents Section 1 - Highlights of the LGPS Page 3 Section 2 - The scheme Page 4 Who can join? What
More informationGuidance on options for flexible retirement
Document level: Trustwide (TW) Code: HR2.12 Issue number: 3 Guidance on options for flexible retirement Lead executive Director of Nursing Therapies Patient Partnership Author and contact number Human
More informationThe University of Warwick Pension Scheme Defined Benefit Section. Explanatory Booklet
The University of Warwick Pension Scheme Defined Benefit Section Explanatory Booklet The University of Warwick Pension Scheme Defined Benefit Section - Explanatory Booklet Contents Page Explanation of
More informationRejoining the Local Government Pension Scheme (LGPS)
Rejoining the Local Government Pension Scheme (LGPS) This information applies only to Scheme members who left an employment after 31 March 2014 with an entitlement to a deferred benefit in the LGPS which
More informationThe Police Pension Scheme Members Guide
The Police Pension Scheme 1987 Members Guide The Police Pension Scheme 1987 Members Guide Crown Copyright 2006 The text in this document may be reproduced free of charge in any format or medium providing
More informationRatified Date: 26/06/2017
Document Type: POLICY Title: Retirement Policy Target Audience: Trust Wide Author / Originator and Job Title: Deborah Booth HR Advisor Julia Naylor Acting Workforce Business Partner (ALTC) Replaces: Version
More informationTeesside Pension Fund
Teesside Pension Fund The Local Government Pension Scheme - Member s Guide 04/11 Contents Page 3 - Pages 4 5 Pages 6 13 Pages 14 16 Pages 17 19 Pages 20 27 Pages 28 37 Pages 38 41 Pages 42 54 About this
More informationCareer Break Policy. Date Issued: 1 st January 2014 Date to be reviewed:
Career Break Policy HR Policy: HR05 Date Issued: 1 st January 2014 Date to be reviewed: 3 years 1 Policy Title: Supersedes: Description of Amendment(s): This policy will impact on: Financial Implications:
More informationLocal Government Pension Scheme (LGPS)
A Brief Guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales April 2017 www.norfolkpensionfund.org If you need this information in large print, audio, Braille, alternative
More informationThe Retained Firefighters Pension Scheme
INFORMAL GUIDANCE The Retained Firefighters Pension Scheme Modified pension arrangements and terms of payment for eligible individuals 2014 Contents - Introduction - Background - Method for calculating
More informationA brief guide to the Local Government Pension Scheme (LGPS)
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales - April 2018 A brief guide to the Local Government Pension Scheme 1 Highlights of the Local Government Pension
More informationThe Newcastle upon Tyne Hospitals NHS Foundation Trust. Employment Policies and Procedures. Retirement Policy, Procedure & Guidance
The Newcastle upon Tyne Hospitals NHS Foundation Trust Employment Policies and Procedures Retirement Policy, Procedure & Guidance Version No.: 13.7 Effective Date: 20 February 2017 Expiry Date: 05 February
More informationRetirement Policy. To outline the process to be followed for all employees retiring or requesting early or flexible retirement.
Retirement Policy Worcestershire Health and Care NHS Trust Retirement Policy Document Type Unique Identifier Document Purpose Document Author Target Audience Responsible Group Human Resources Policy HR-HACW-06
More informationA GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 1992 (ENGLAND)
A GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 1992 (ENGLAND) December 2016 A Guide to the Firefighters' Pension Scheme 1992 (England) This guide reflects the rules of the Firefighters Pension Scheme 1992
More informationA Guide to the LGPS The Local Government Pension Scheme (LGPS)
AVON PENSION FUND A Guide to the LGPS The Local Government Pension Scheme (LGPS) Contents The scheme joining and what do I pay?... 1 Flexibility to pay more or less...4 Your Pension how it s worked out...5
More informationAmendments to the terms and conditions will normally be notified to employers via a message in the NHS Workforce Bulletin at
Terms and conditions Specialty Doctors - England (2008) Record of amendments Amendments to the terms and conditions will normally be notified to employers via a message in the NHS Workforce Bulletin at
More informationRetirement Arrangements Policy
Policy No: PP23 Version: 4.0 Name of Policy: Retirement Arrangements Policy Effective From: 23/08/2018 Date Ratified 14/06/2016 Ratified Human Resources Committee Review Date 01/06/2018 Sponsor Director
More informationFrequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs) Incorporating changes to the LGPS from 1 April 2008 Before contacting the Fund regarding your annual benefits statement 2009, please ensure that you read all of the content
More informationSecure benefits the scheme provides you with a future income, independent of share prices and stock market fluctuations.
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales April 2014 Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income,
More informationIncreasing your Benefits
Increasing your Benefits Tax-free limits Limit on contributions Contributions paid to the HSC Pension Scheme and its Money Purchase providers to increase your pension benefits qualify for full tax relief,
More informationSCHEDULE 1 EARLIER SCHEME DOCUMENTS
SCHEDULE 1 EARLIER SCHEME DOCUMENTS Date Document 29 March 1974 Interim Trust Deed 30 August 1974 Deed of Variation 31 August 1977 Resolution of Individual Trustees 4 May 1979 Deed of Variation 25 April
More informationSecure benefits the scheme provides you with a future income, independent of share prices and stock market fluctuations.
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income, independent
More informationABERDEEN CITY COUNCIL PENSION FUND Brief Guide to the Local Government Pension Scheme
ABERDEEN CITY COUNCIL PENSION FUND Brief Guide to the Local Government Pension Scheme THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) SCOTLAND [Scottish version, April 2009] INFORMATION AND DISCLAIMER The information
More informationThe Local Government Pension Scheme
The Local Government Pension Scheme HR SHARED SERVICES PENSIONS TEAM EMPLOYEE GUIDE 2015 THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) employee guide 1 A BRIEF GUIDE TO THE LOCAL GOVERNMENT PENSION SCHEME
More informationA brief guide to the Local Government Pension Scheme (LGPS)
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales - April 2015 Dorset County Pension Fund A brief guide to the Local Government Pension Scheme 1 Highlights of the
More informationVelindre NHS Trust. Ref: WF 37. Trust Policy CHILDCARE VOUCHER POLICY AND PROCEDURE. Policy Lead: Ceri Harris, Diversity and Equality Manager
Velindre NHS Trust CHILDCARE VOUCHER POLICY AND PROCEDURE, Diversity and Equality Manager Page 1 of 28 Overview: Who is the policy intended for: Key Messages included within the policy: EXECUTIVE SUMMARY
More informationA GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 2015 (ENGLAND)
A GUIDE TO THE FIREFIGHTERS' PENSION SCHEME 2015 (ENGLAND) 1 April 2015 THE FIREFIGHTERS' PENSION SCHEME 2015 (ENGLAND) This booklet is a brief guide to the Firefighters' Pension Scheme 2015 ("FPS 2015").
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales April 2014 V1.3 1 Index 1. About this Booklet 2. About the Local Government Pension Scheme
More informationTransfers to USS. This factsheet explains the options you may have for transferring benefits in to USS from other pension schemes.
TRANSFERS TO USS FINAL SALARY SECTION Transfers to USS This factsheet explains the options you may have for transferring benefits in to USS from other pension schemes. What is a pension transfer? A pension
More informationParental Leave Policy
Parental Leave Policy Number: THCCGHR53 Version: 1 Executive Summary This Policy should also be seen as operating with the provisions on flexible working arrangements and employment breaks (see appropriate
More informationAll about your Scheme
West Midlands Pension Fund All about your Scheme A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales July 2009 Introduction The information in this booklet is
More informationRetirement Guide to the Local Government Pension Scheme (Northern Ireland)
Retirement Guide to the Local Government Pension Scheme (Northern Ireland) 2 Northern Ireland Local Government Officers Superannuation Committee (NILGOSC) Contents Introduction Introduction.... 5 Retiring
More informationThe Retained Firefighters Pension Settlement Introduction of the new modified pension arrangements
Employee Information Leaflet The Retained Firefighters Pension Settlement Introduction of the new modified pension arrangements December 2014 This information leaflet sets out the pension benefits on offer
More informationGeneral Rules for UK Discretionary Schemes
Discretionary Scheme General Rules for UK Discretionary Schemes The following Rules numbered 1A to 13 inclusive are the General Rules referred to in the Trust Deed governing the Scheme. Code: PEN44 March
More informationA brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales
A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales Highlights of the LGPS The LGPS gives you: Secure benefits the scheme provides you with a future income, independent
More informationThis Policy supersedes the previous Retirement Guidance for Managers and Employees issued in January 2012.
TITLE: RETIREMENT POLICY AND PROCEDURE VALID FROM: JULY 2016 EXPIRES: JUNE 2019 REFERENCE: WFC 12 This Policy supersedes the previous Retirement Guidance for Managers and Employees issued in January 2012.
More informationA message from the Trustees
A message from the Trustees Welcome to the Luxfer Group Pension Plan. The Plan gives you an easy and cost-effective way to arrange your pension provision in retirement and to provide security for your
More informationCAMBRIDGE COLLEGES FEDERATED PENSION SCHEME A GUIDE FOR MEMBERS AT ST CATHARINE S COLLEGE
CAMBRIDGE COLLEGES FEDERATED PENSION SCHEME A GUIDE FOR MEMBERS AT ST CATHARINE S COLLEGE How the Scheme is run Why you should join State pensions Auto-enrolment Membership Cost Who can become a member?
More informationSeptember Employees in England and Wales
September 2016 A brief guide to the Local Government Pension Scheme (LGPS) Employees in England and Wales You can look forward to your retirement with the LGPS with: A secure pension worked out every scheme
More informationMember s Booklet Main Section
Member s Booklet Main Section July 2012 edition Member s Booklet - Main Section 1 July 2012 Contents Introduction... 5 Summary of benefits... 6 Joining the Main Section... 7 Eligibility... 7 Opting-out...
More informationCONDITIONS FOR ACCESSING PENSION BENEFITS
CONDITIONS FOR ACCESSING PENSION BENEFITS Author: Teachers' Pensions Document Version: 1.03 Table of Contents 1. INTRODUCTION ENTITLEMENT TO BENEFITS IN THE TEACHERS PENSION SCHEME... 3 2. VARIOUS CONDITIONS
More informationA Guide to the Local Government Pension Scheme for Employees in England and Wales
A Guide to the Local Government Pension Scheme for Employees in England and Wales Employees in England and Wales July 2016 1 Index 1. About this Booklet pg 5 2. About the Local Government Pension Scheme
More informationA Guide to the Firefighters Pension Scheme Wales 2015
A Guide to the Firefighters Pension Scheme Wales 2015 Date of issue: October 2015 Working in partnership with Local Government Association Crown copyright 2015 WG26279 Digital ISBN 978 1 4734 4526 0 THE
More informationBT PENSION SCHEME SECTION C. Explanatory booklet for Members who joined Section C of the BT Pension Scheme between 1 April 1986 and 31 March 2001
BT PENSION SCHEME SECTION C Explanatory booklet for Members who joined Section C of the BT Pension Scheme between 1 April 1986 and 31 March 2001 (and Section B members who elected to be subject to Section
More informationLeaving the scheme. A guide to your options Final Salary section
Leaving the scheme A guide to your options Final Salary section About this booklet This booklet explains the options open to you if you have been a member of the Final Salary section of USS who has left
More informationLeaving the scheme. A guide to your options Career Revalued Benefits section
Leaving the scheme A guide to your options Career Revalued Benefits section About this booklet This booklet explains the options open to you if you have been a member of the Career Revalued Benefits section
More informationBANK OF CHINA PENSION & LIFE ASSURANCE SCHEME. Explanatory Booklet
BANK OF CHINA PENSION & LIFE ASSURANCE SCHEME Explanatory Booklet August 2014 I BANK OF CHINA PENSION & LIFE ASSURANCE SCHEME EXPLANATORY BOOKLET VERSION CONTROL Amendment Effective Date Responsibility
More informationANNUAL LEAVE POLICY. Author(s) (name and post): Lisa Kelly, HR Business Partner, MLCSU
ANNUAL LEAVE POLICY Author(s) (name and post): Version No.: Version 3 Approval Date: 15 th May 2018 Review Date: July 2021 Lisa Kelly, HR Business Partner, MLCSU Author/s: NHS Staffordshire and Lancashire
More information2018 No. PUBLIC SERVICE PENSIONS. The Local Government Pension Scheme (Scotland) Regulations 2018
DRAFT 1 NOVEMBER 2017 S C O T T I S H S T A T U T O R Y I N S T R U M E N T S 2018 No. PUBLIC SERVICE PENSIONS The Local Government Pension Scheme (Scotland) Regulations 2018 Made - - - - 2018 Laid before
More informationi) are required to formulate, publish and keep under review a Statement of Policy on certain discretions in accordance with:
Discretions Policies for Scheme Employers in England and Wales from 1 April 2014 (version 1.7) Deleted: 6 Introduction 1. The Local Government Pension Scheme (LGPS) in England and Wales was amended from
More informationA guide to the Local Government Pension Scheme (LGPS) for employees in England and Wales
Kent Pension Fund A guide to the Local Government Pension Scheme (LGPS) for employees in England and Wales www.kentpensionfund.co.uk Index 1. About this Booklet 2. About the Local Government Pension Scheme
More informationThe Local Government Pension Scheme (Councillors) A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales
The Local Government Pension Scheme (Councillors) A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales April 2011 1 Introduction The information in this booklet
More informationGuide to Benefits. For Section A/B and C members. Royal Mail Pension Plan. Royal Mail Statutory Pension Scheme
B1 Guide to Benefits For Section A/B and C members This guide contains an overview of the Section A/B and C benefits of the Royal Mail Statutory Pension Scheme (RMSPS) and the Royal Mail Pension Plan (RMPP).
More informationA Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales [English and Welsh version 1.
A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales [English and Welsh version 1.8 June 2018] 1 The Index Page Introduction 5 The Choice Your Pensions Choice 6
More informationThe Independent Schools Pension Scheme A Guide for Members. CARE and Final Salary Benefit Structures
Established in 1996 in consultation with the Independent School ISPSBursars Association The Independent Schools Pension Scheme A Guide for Members CARE and Final Salary Benefit Structures A Guide for Members
More informationThe Local Government Pension Scheme
The Local Government Pension Scheme A Guide to the Local Government Pension Scheme for Eligible Councillors in England and Wales [English and Welsh version 1.4- September 2016] 1 The Index Page Introduction
More informationThe Police Pensions Scheme Members Guide
The Police Pensions Scheme 2015 Members Guide Contents 1. Introduction... 6 2. The Police Pension Scheme 2015 at a glance... 7 2.1 Key features... 7 2.2 Pension benefits for members... 7 2.3 Benefits for
More informationSHARED PARENTAL LEAVE
SHARED PARENTAL LEAVE February 2015 Updated January 2016 July 2017 Page 1 of 16 1 PURPOSE AND SCOPE 1.1 Shared Parental Leave enables eligible parents to choose how to share the care of their child during
More informationTHE LOCAL GOVERNMENT PENSION SCHEME. Full Guide for New Members
THE LOCAL GOVERNMENT PENSION SCHEME Full Guide for New Members THE LOCAL GOVERNMENT PENSION SCHEME (LGPS) SCOTLAND [Scottish version, April 2018] 1 Contents Welcome to the Scheme 3 What is the Local Government
More informationUnless this copy has been taken directly from the Trust intranet site (Pandora) there is no assurance that this is the most up to date version
Policy No: PP04 Version: 4.0 Name of Policy: Redundancy and Associated Redeployment Policy Effective From: 24/08/2015 Date Ratified 17/08/2015 Ratified HR Committee Review Date 01/08/2017 Sponsor Director
More information