The NHS Scotland Pension Scheme provides NHSGGC staff with a high-quality pension scheme that offers defined benefits at retirement and protection for your dependents based on your career average earnings.
The amount you pay towards your pension scheme depends on your ‘pensionable pay’ (which is your salary, wages, fees and any other regular payments but not any bonuses, expenses or overtime payments).
NHSGGC contributes 20.9% of your pensionable pay into the scheme on your behalf.
Key features of the NHS Scotland Pension Scheme include:
- Benefits accrued on a Career Average Revalued Earnings (CARE) basis.
- Normal pension age the same as the your State Pension Age.
- Pension accrual rate of 1/54th of pensionable earnings each year.
- Benefits for active members revalued each year using the Consumer Prices Index (CPI) plus 1.5%.
- Benefits for preserved members increased using the CPI each year.
- Valuable death benefits for your dependents.
- Option to take part of your pension and continue working.
- Enhanced pension for working longer than normal pension age.
- Option to purchase additional pension.
- Option to buy out the actuarial reduction if retiring from age 65 and before state pension age.
- Option to take up to 25% of pension pot as a tax-free lump sum.
Staff are welcome to opt-out of the NHS Scotland Pension Scheme at any time. Staff are also welcome to contribute to an alternative pension provider if this is preferable.