I have often heard people say it’s not worth being in the NHS pension scheme. Despite the changes, for 99% of people this is just not true and I would love to be a member of either the 1995, 2008 or 2015 pension scheme.
There are fantastic scheme guides on the NHS website and I think all of you should apply for a total rewards pension statement. This tells you your current pension and the actual value of your pension and what it would cost you personally to get the same pension.
The normal retirement date remains age 60 and all benefits accrued within that scheme can still be taken at age 60 without penalty. The pension is based upon the best salary in the 3 years before you take your benefits. The pension is 1/80th of final salary and a lump sum of 3/80th for each year of service.