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Pensions Modeller

5 July 2005 - 9:10am

One of the main proposals under consideration in the NHS Pensions Review is to base final pensions on career average earnings (CARE) rather than final salary. NHS Employers have produced a 'pensions modeller' to help NHS staff understand how both schemes compare. More details here...

One of the most controversial aspects of the proposals under consideration in the NHS Pensions Review is to base final pensions on career average earnings (CARE) rather than final salary.

The CSP has serious reservations about replacing final salary (FS) arrangements with CARE, for the following reasons:

  • FS schemes provide a pension which is predictable and easily calculated;
  • The concept of FS is generally well understood and valued, by both existing staff and potential recruits;
  • FS will ensure that the benefits of Agenda for Change, in terms of enhanced career progression, are carried through into pensions

To help NHS staff assess the relative merits of final salary and CARE and to compare the benefits that would be provided by each, NHS Employers have produced a 'pensions modeller'. This can be accessed by visiting:

If you have any feedback on using the pensions modeller that you'd like to share with the CSP, please contact Warren Glover in Employment Relations & Union Services on 020 7306 6675; email gloverw@csp.org.uk

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