For those who are eligible to continue in the 2008 Section of the Scheme  or who have previously been a member of this Scheme, there is a Scheme Guide that explains the 1995/2008 HSC Pension Scheme and the different types of members there are.  This will help you understand which section of the Scheme you belong to.

The 2008 section of the Scheme closed to new members with effect from 1 April 2015. If you were an active member of the Scheme on 31 March and 1 April 2015 you may remain in this section of the Scheme.

There are also various factsheets that are relevant only to members of the 1995 Scheme and these can be found within the Scheme Factsheets section.  Frequently asked questions for various topics are also available to view under Scheme FAQs.

On 1 April 2015 a new HSC Pension Scheme was introduced.  This new Scheme covers all former members of the 1995/2008 Scheme not eligible to continue in that Scheme as well as new HSC employees on or after 1 April 2015.

 Feature or Benefit HSC Staff (officers) and Practice and Approved Employer Staff (officers) Practitioners
Scheme 2008 Section 2008 Section
Member contributions 5% – 14.5% depending on rate of pensionable pay 5% – 14.5% depending on rate of pensionable pay
Pension A pension worth 1/60th of final year’s pensionable per year of membership A pension based on 1.87% of uprated earnings per year
Retirement Lump Sum Option to exchange part of pension for cash at retirement, up to 25% of capital value.  Some member s may have a compulsory amount of lump sum Option to exchange part of pension for cash at retirement, up to 25% of capital value.  Some member s may have a compulsory amount of lump sum
Normal Pension Age (NPA) 65 65
Minimum Pension Age 55 55
Pensionable Pay Normal Pay and certain regular allowance Pensionable Earnings from HSC work
Uprated Earnings Not relevant The final value of pensionable earning after adding all years’ earnings and applying revaluation factors
Death in Membership Lump Sum 2 x reckonable pay (actual reckonable for part-time workers) 2 x average pensionable earnings