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5 Boroughs Partnership NHS Foundation Trust Annual ... - Monitor

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208<br />

8. Retirement benefits continued.<br />

Transfer Between Funds Scheme members have the option to transfer their<br />

pension between the <strong>NHS</strong> Pension Scheme and another scheme when they<br />

move into or out of <strong>NHS</strong> employment.<br />

Preserved Benefits Where a Scheme member ceases <strong>NHS</strong> employment<br />

with more than two years’ service they can preserve their accrued <strong>NHS</strong><br />

pension for payment when they reach retirement age.<br />

Compensation for Early Retirement Where a member of the Scheme is<br />

made redundant they may be entitled to early receipt of their pension plus<br />

enhancement at the employer's cost.<br />

<strong>Annual</strong> Report and <strong>Annual</strong> Accounts 2011-12

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