This guidance is provided for the use of the Scottish Public Pensions Agency (SPPA) as administrator of the National Health Service Pension Scheme (Scotland) (NHSPS Scotland). It sets out how to determine the contribution to be paid by employers for enhanced benefits on compulsory early retirement.
No advice or factors issued for the NHS Pension Scheme (Scotland) 2015 (NHSPSS 2015) should be used for compulsory early retirement calculations for members with benefits only in the NHSPS Scotland.
Where members have benefits in both the NHSPS Scotland and NHSPSS 2015 please refer to the Members with benefits in both the NHSPSS 2015 and the NHSSS section.
Service enhancements ceased in 2011 and so the factors provided in CER2 and CER5 are only required for historic cases where an Employing Authority wishes to settle payments made by quarterly billing.
The following changes have been made when reviewing this guidance:
- Important information around the expected audience for the guidance, use of the guidance, review of factors, compliance and limitations applies across all sets of guidance. Rather than being repeated in each set of guidance, this can now be found on the scheme home page. It is important to read this information alongside the guidance.
- Calculation methodology: No changes have been made to the calculation methodology.
- Examples: There are no examples in this guidance. Worked examples, using the calculation methodology, can be found in prior versions of the guidance (though please note that these use historic factors).
- Factor tables: The "Factor Tables" tab contains the names of the tables that are referenced in the calculation methodology. The tables of factors themselves can be found in the most recently published "Consolidated Factors Workbook" which is available by clicking the "Download current Consolidated Factors Workbook" button on the scheme's home page.
- Assumptions: The key assumptions underlying the factors in each note are contained in the Consolidated Factors Workbook.
- Regulations: The regulations that require the production of the actuarial factors and/or guidance that is the subject of this note are summarised in the "Regulations" tab.
