The issue that was affecting the Partial Retirement Calculator has been resolved.
The Partial Retirement Calculator can be accessed from the partial retirement page of the website: Partial retirement | NHSBSA
As a reminder, members can use the Partial Retirement Calculator to see:
- how much lump sum and annual pension they might want to claim when they take partial retirement
- the amount their pension benefits will grow for every year they carry on working as a member of the 2015 Scheme, helping them to plan when might be the best time to fully retire – the calculator will show figures for up to 8 years in the future
- any impact on benefits caused by ‘abatement’ in the first 12 months after partial retirement – this refers to the effect on pension when pay after partial retirement added to pension is more than salary before partial retirement
- for members affected by McCloud, how much their pension is worth depending on the benefits they choose for their pensionable service between 1 April 2015 and 31 March 2022
- what percentage of their pension to take at partial retirement to avoid having to repay overpaid pension when they make their McCloud choice later on – this is referenced in the calculator as ‘safe percentage’
Further details on the information members need to have to hand are also available on the partial retirement page of the website: Partial retirement | NHSBSA