Pensions are sometimes difficult to understand. In order to give a basic understanding of pensions, We have created this brief summary of all current pension schemes and the benefits associated with each. Further details can be found on our website.

What Types of Schemes are Involved?

• The schemes are statutory schemes to which Section 17 of the Finance Act 1972 applies. 
• They are defined benefit schemes for the purpose of the Benefits Act, 1990.
• The schemes are not funded and benefits are met on a “pay-as-you-go” basis.

THE THREE MAIN SCHEMES IN NURSING

• Local Government Superannuation (Consolidation) Scheme 1998
• Nominated Health Agencies Superannuation Scheme
• Single Public Service Pension Scheme
• Voluntary Hospitals Superannuation Scheme