NHS Pension Scheme (NHSPS)

The NHS Pension Scheme (NHSPS) is the principal pension scheme provided by the National Health Service in England and Wales. It has around 650,000 members. Other institutions such as universities are also able to participate in the NHSPS if they are covered under a “Direction” issued by the Department of Health. The University of Sheffield is covered by a “Direction” for staff working within the University’s Medical and Dental Schools only.

The Department of Health apply strict eligibility criteria under the terms of the Direction and not all staff within the Medical and Dental Schools will meet this. The Pensions Team will contact you upon commencing employment if you are eligible to join. Otherwise, you will be eligible for membership of either the USS or USPS.

The NHSPS is open to eligible staff on any grade. However, any eligible staff who meet the criteria must apply to join within 3 months of commencing employment.  Staff will not be automatically enrolled.

If you are already a member of the NHSPS, or are thinking about joining, full details of the scheme can be found on the NHSPS website.

The NHS Pension Scheme is split into various sections as follows:

The 1995 Section

The 1995 Section operates on a final salary basis as follows:

Pension accrual = 1/80th of pensionable salary for each year of membership

Tax Free Cash accrual = 3/80ths of pensionable salary for each year of membership

Normal retirement age = 60 years

The 2008 Section

The 2008 Section operates on a final salary basis as follows:

Pension accrual = 1/60th of pensionable salary for each year of membership

Tax Free Cash = available by giving up (commuting) pension. The maximum cash available is 25% of the capital value of benefits.

Normal retirement age = 65 years

The 2015 Section

The 2015 Scheme operates on a Career Averaged Revalued Earnings (CARE) basis:

Pension accrual = 1/54th of pensionable salary each year (plus revaluation)

Tax Free Cash = available by giving up (commuting) pension. The maximum cash available is 25% of the capital value of benefits.

Normal retirement age = your state pension age (or age 65 if later)

Contributions

All members pay the same contribution rate regardless of which Section they are in. Member contributions are tiered and are based on the level of your pensionable earnings.  If you work part-time, your whole time equivalent earnings will be used to determine your contribution level.

Member contribution = Ranges between 5% and 14.5% of pensionable salary

Members can also pay extra contributions to purchase additional pension or to fund (in full or in part) towards an early retirement reduction.

Further information about the scheme can be found on the NHSPS website.  You will also find links to the full member guides for each scheme on this site.

Need Help or More Information?

Who to Contact

If you have any queries then please contact the Pensions Team.

Postal Address: Pension Office, Department of Finance, University of Sheffield, Firth Court, Western Bank, Sheffield, S10 2TN

Location Address: Pension Office, Finance Department, Floor 5 The Arts Tower, Western Bank, Sheffield, S10 2TN

If you are visiting the Department of Finance in person then you can find out more about how to find us and our opening times.