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The NHS Pension Scheme is a pension scheme for people who work for the English NHS and NHS Wales. It is administered by the NHS Business Services Authority, a special health authority of the Department of Health of the United Kingdom. The NHS Pension Scheme was created in 1948. [1]
NHS Bursaries process applications for annual payments from the NHS to help students studying medicine, dentistry, nursing or healthcare courses in England. [4] The Council of Deans of Health and Universities UK issued a joint statement on 30 June 2015 asking for an 'urgent' overhaul of student funding. [ 5 ]
The Scottish Public Pensions Agency (Scottish Gaelic: Peinnseanan Poblach na h-Alba) is an executive agency of the Scottish Government. It is responsible for the administration and regulation of government pension schemes in Scotland. This includes the pension schemes of NHS Scotland and for Scotland's teachers.
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One key feature of the current scheme (dating from 2015) is that members pay no employee contribution, with the pension being entirely funded from the public purse. Each year a scheme member accumulates 1/47th of their salary, with a retirement age of 60. The annual pension payment increases each year in line with the Consumer Price Index. [35]
The Department of Health and Social Care (DHSC) is a ministerial department of the Government of the United Kingdom.It is responsible for government policy on health and adult social care matters in England, along with a few elements of the same matters which are not otherwise devolved to the Scottish Government, Welsh Government or Northern Ireland Executive.
Most staff working for NHS Wales, including non-clinical staff and GPs (most of whom are independent contractors), are eligible to join the NHS Pension Scheme, which, from 1 April 2015, is a career salary-average defined benefit scheme.
NHS Employers is an organisation which acts on behalf of NHS trusts in the National Health Service in England and Wales. It was formed in 2004, is part of the NHS Confederation , and negotiates contracts with healthcare staff on behalf of the government.