NHS: Pensions
(asked on 4th November 2015) - View Source
Question to the Department of Health and Social Care:
To ask Her Majesty’s Government what surplus they forecast for the NHS Pension Scheme in 2015–16 and 2016–17.
This question was answered on 10th November 2015
The NHS Pension Scheme is a ‘pay as you go’ pension scheme without financial assets. The last valuation in 2012 identified a deficit of £10.3 billion in the notional fund which is met by contributions from employers.
No additional contribution is expected from the National Health Service in 2016-17. NHS employers will continue to pay the standard employer contribution rate of 14.3%.