Enables you to specify date-effective parameters for the NHS Pension Career Average Revalued Earnings (CARE) scheme, including a number of user-definable pay element categories and pay bands consisting of a maximum actual annual earnings value and the corresponding employee contribution rate.

The NHS Pension CARE scheme is a variant of the England & Wales Scheme using CARE Method 4. This method determines the employee's actual annual earnings on which their contribution percentage is based as Actual pay for year - the sum of the year-to-date amounts for selected pay elements as of the previous year-end, once the year-end cleardown has been run. The pay elements to be summed must be included in the pay element category that is specified in the Year End PE Cat field. Year-to-date earnings will be annualised for mid-year starters.

 

General

Effective Date

Enter the effective date of the type 10 scheme parameters that you want to maintain, or select one from the drop-down list.

If the effective date does not exist, a prompt is displayed allowing you to create the new date. If you choose to create the new effective date, New Parameters is displayed where you can copy an existing set of parameters and amend the details.

Maximum Age

Enter the maximum age permitted for membership of this scheme. A payroll exception message is produced when the employee is one month away from this age.

Employer's Cont. Rate %

Enter the employer's contribution percentage for this scheme.

Aggr. Post Banding

Select this check box to allow aggregation of post earnings for banding purposes.

Note: Post aggregation is not applicable until 2024 scheme year.

Year End PE Cat

Enter the ID of the pay element category that contains all the pay elements that should be summed to determine the annual earnings, or select one from the drop-down list.

ARBO PE Cat

Enter the ID of the pay element category that contains all the pension pay elements that are used to deduct Actuarial Reduction Buy Out Contributions (ARBO), or select one from the drop-down list.

APB PE Cat

Enter the ID of the pay element category that contains all the pension pay elements that are used to deduct Additional Pension Benefit Contributions (APB), or select one from the drop-down list.

Pay Bands

Band

Display only. The number of the pay band.

Annual Earnings (Inclusive)

Enter the maximum actual annual earnings for this pay band.

Employee's Contribution Rate %

Enter the employee's contribution percentage for this pay band.

Buttons

Letters / Emails

Click to open the Pension Scheme Standard Letter and Email Message window.

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