NHS Pension Scheme

NHS Pension Scheme (NHSPS) is the statutory, unfunded defined-benefit pension scheme for NHS staff in England and Wales, with accounting liabilities of about £457.2 billion as of 31 March 2025.

The scheme has three arrangements: two legacy final-salary sections established in 1995 and 2008, and a reformed career-average section introduced in 2015 under the Public Service Pensions Act 2013. All active members accrue in the 2015 scheme from 1 April 2022 following the public service pensions remedy.

Administration for England and Wales is provided by the NHS Business Services Authority on behalf of the Department of Health and Social Care. Separate NHS pension arrangements operate in Scotland and Northern Ireland.

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