Each year, we update your pension record to 31 March using information from your employer.
Your pension statement will reflect this. It will come in the form of either a:
- Total Reward Statement (TRS)
- Annual Benefits Statement (ABS)
Each of these documents gives an overview of your pension benefits up to 31 March each year.
You will get either a TRS or an ABS, not both. Which you get depends on your circumstances.
When you’ll receive your pension statement
The NHS Pension Scheme year runs from 1 April to 31 March. These are the main stages of the timeline:
- Employer updates member record by 31 May
- We refresh your pension statement (TRS or ABS) up to 31 March
- You can access your pension statement from mid-August
How we calculate your pension statement
We calculate the benefits using the last information your employer provided. Your statement does not update in real time.
Employer updates and why they matter
We rely on your NHS employer to update your member record each year by 31 May. It’s important this annual update is accurate and on time.
If your employer fails to provide this information before we issue your statement its content will be out of date.
If your record has not been updated since last year
In some cases, your record may not have been updated. This will be because either your:
- employer did not send the annual update to refresh your pension record
- record was updated after the data was taken to produce your statement
- annual update requires more information before it can be placed on your record
If your pension record was not updated, we’ll refresh your statement later to capture any changes. We call this our ‘mid-year refresh’.
You can view your refreshed statement from mid-December.