The method of calculation depends on if the benefits are transferred under Club terms or non-Club terms.
Read more information on transferring in on our website.
Club term transfers
If the previous Club scheme was a final salary scheme, your final salary benefits will be transferred into the 2008 Section of the Scheme. The transfer must meet the requirements and time limits.
If the previous Club scheme was a Career Average Scheme, the benefits are converted to a ‘Club earned pension credit’ into the 2015 Scheme.
This pension credit is increased by the transferring schemes ‘in service’ revaluation provision whilst you’re in the NHS Pension Scheme.
The Club earned pension is calculated with guidance and factor tables provided by our actuaries.
Non-Club transfers
The credit from a non-Club transfer into the 2015 Pension Scheme is an additional pensionable earnings credit in the year in which the transfer occurs.
The pensionable earnings credit is calculated with guidance and factor tables provided by our actuaries.
Pensionable membership
Pensionable membership in the 2015 Scheme is used towards considering the entitlement to NHS Pension Scheme benefits but is not used in the calculation of those benefits.