If the member is retired in the Interests of the Efficiency of the Service (IOE), their employer is responsible for the cost of paying the member's pension and lump sum early.

NHS Pensions will invoice the relevant employer for the cost of the difference between Actuarially Reduced Early Retirement (ARER) pension that the member could have received and the full pension that NHS Pensions will actually pay.

For more information on retirement visit our website.