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1995 Pension Section

The 1995 Section, which was available to all employees in post prior on 31 March 2008 and has a retirement age of 60 and an accrual rate of 1/80th of final salary for every year worked, plus a Pension Commencement Lump Sum (PCLS) of 3/80ths.

For Practitioners, the pension is calculated as 1.4% of Career Average Revalued Earnings (CARE) and a PCLS of three times the pension.

Death Benefits 1995 Section (+) Click to open

1995 Section guidance 

Benefits

Death in membership (with at least 2 years membership)

Death after retirement

Death with deferred pension

Death within 12 months of leaving membership if benefits remain in Scheme

Lump sum

2 x annual pensionable pay or average uprated earnings for Practitioners***

The lesser of: 5 x pension less pension already paid or 2 x pay less any retirement lump sum

3 x pension payable if member had retired on date of death

3 x annual pension the member would have received had they retired on the date of death

Widow’s pension

½ of your notional tier 2 ill health retirement pension Short term pension payable at rate of your pensionable pay for the fi rst 6 months

½ of your pension in payment Short term pension payable at rate of member’s pension paid for first 3 months or 6 months if there is at least one dependent child

½ of your pension at the date of death

No short term pension

½ of your notional tier 2 ill health retirement pension at date of leaving

No short term pension

Widower’s/ Civil partner’s/ Nominated partner’s pension

½ of your notional tier 2 ill health retirement pension, based only on membership from 6 April 1988* Short term pension payable at rate of your pensionable pay for the fi rst 6 months

½ of your pension in payment, based only on membership from 6 April 1988* Short term pension payable at rate of member’s pension paid for first 3 months or 6 months if there is at least one dependant

½ of your pension at the date of death, based only on membership from 6 April 1988*

No short term pension

½ of your notional tier 2 ill health retirement pension at date of leaving, based only on membership from 6 April 1988* No short term pension

Children’s pension**

¼ of your notional tier 2 ill health retirement pension for 1 child ½ shared equally if 2 or more

¼ of your pension for 1 child ½ shared equally if 2 or more

¼ of your pension for 1 child ½ shared equally if 2 or more

¼ of your notional tier 2 ill health retirement pension for 1 child ½ shared equally if 2 or more

*These benefits may be higher if you have purchased Additional Survivor Pension cover for your dependants.

**Higher rates may be payable if there is no survivors pension payable.

***A death gratuity lump sum is payable for members with less than 2 years membership.

If you have less than two years membership and die before you leave or retire, your spouse, civil partner, or nominated qualifying partner would receive a lump sum payment and a short term pension payable for six months.

Source NHSBA SD_Guide_(V12.2)_online_05.2014.pdf