27 / 5 / 2015 2.30pm
The option to give up protection exercise will give members of the 2008 section of the NHS Pension Scheme, with full or tapered protection, a one-off opportunity to move their membership to the 2015 Scheme from 1 April 2015. This is because, for some members, the higher accrual rate in the 2015 scheme could deliver a bigger pension than the 2008 section.
The exercise will affect approximately 40,000 eligible members and is scheduled to take place from June 2015.
NHS Employers and NHS Pensions ran a webinar on the exercise to help employers learn how they can support staff in their decision.
The webinar covered:
- who is affected by the option to give up protection exercise
- how the exercise will be run and
- what you can do as an employer to support your staff with their decision.
You can now download the slides and audio from the webinar on our events web page.