NHS Pensions

What is the compensation pension modeller?

This modeller is primarily for use by employers to:
  • Illustrate to members the level of pension benefits that may be payable if the member chooses to transfer to the 2008 Section under the CHOICE exercise and is subsequently made redundant; and
  • Illustrate the capitalised cost to employers both as a single payment and 5 yearly instalments.


Enter details

1. Member's date of birth  
2. Member's expected last day of service  
3. Reckonable service to 31 March 2008   yrs   days
4. Reckonable service from 01 April 2008 to last day of service   yrs   days
5. Notional whole-time-pay for the period 01 April 2008 to 31 March 2009   £
6. Notional whole-time-pay for the period 01 April 2009 to last day of service   £
7. Number of non-pensionable days in the period from 01 April 2008 to the member's last day of service   days
 
       



  Results

Standard 2008-section compensation pension   Total
Standard 2008-section compensation pension £
Standard 2008-section lump sum £
   
Capitalised Costs   Total
Single-payment capitalised cost of redundancy £
Single-instalment capitalised cost of redundancy (based on five instalments) £

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