The Greenbury functionality within Pensions Online (POL) is now available.
Please provide the best estimated pay figure, as you can only make one submission. Requests for disclosure information should be received by NHS Pensions between 15 January 2024 and 28 February 2024 to enable us to provide you with the necessary information to meet your reporting timescales.
Key Points to note for this year:
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Public Service Pension Remedy (McCloud) rollback impact - for a member affected by rollback you’ll notice a difference between the benefits and Cash Equivalent Transfer Value (CETV) we quote for this year compared to the benefits and CETV we quoted for year ending 2023. You’ll need to include a disclosure note in your report to explain these differences and further guidance is available on our website: Technical guidance | NHSBSA. If you’re unsure if a senior manager is affected by the remedy, you can find useful information on our website: Understanding if your NHS Pension is affected by changes to public sector pensions | NHSBSA
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The factors used to calculate CETVs for all members increased in March 2023, this will also affect the calculation of the real increase in the CETV.
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You should avoid using the comments box on POL unless necessary as this prevents cases running through the system automatically.
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Employment should be updated to 31 March 2023. Please make sure you have checked this before you submit, or there will be a delay to the processing of the CETV calculation.
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We do not anticipate any queries from you until you have received your calculation as these will also cause a delay to our processing. If you then have a query about an individual member, please submit on the POL Comments box.
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If a member was part of the exercise last year the previous year’s figures will be available to view by pressing the ‘show / compare button’.
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If you need help with technical POL issues, please call the Employer Helpline on 0300 330 1353 (press option 2 for POL).
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If you require a detailed understanding of the calculation, please refer to the guidance available on our website: Technical guidance | NHSBSA
Please read the article in full on our website for all the key points you'll need to be aware for this year.