In total, there are more than 200,000 NHS workers who could benefit
Changes to how NHS pensions work were rolled out last year, making hundreds of thousands of healthcare staff eligible to benefit from a new pension scheme while they continue working.
The workers affected by the pension change are doctors, nurses, and other healthcare professionals who began working for the health service more than 30 years ago, and are claiming the "1995 section" of the NHS pension. Until last year, these workers could not claim the new pension scheme - forcing many older staff to take lower pension benefits or leave the workforce entirely.
Graham Crossley, NHS pension specialist at Quilter, explains why so many are missing out on essential pension savings. He said: “Prior to April 2022, there had been an argument for some members not to take their 1995 section benefits at normal pension age, as some members were able to continue accruing service.
“Another reason for those with Special Class Status delaying taking pension benefits past normal pension age was abatement, which reduced their pension in payment if they returned to work. However, special class status abatement has now been abolished.
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