NEWS
This page is reserved for recent developments in the pension’s area generally. It will not necessarily cover PSS-only issues.
GMP EQUALISATION
We have settled the GMP equalisation amount due for the majority of members in September. Some members may have received a one-off additional payment in September. Details will be provided in an individual letter which should be received before the end of September. Where we have not been able to calculate the amount due as part of the main exercise, you will receive a letter to that effect.
Copies of the
communications and a more detailed Questions and Answers document can be found
below.
Pensioners and
Dependants
Pensioner –
Dependant Letter
Pensioner –
Dependant Q&A
Active and
Deferred Member
Active – Deferred
Letter
Active – Deferred
Q&A
Additional Q&A during consultation
Additional Q&A during consultation
The consultation ended on 28 February 2023. Following the
consultation, and with the agreement of the Company, the Trustee intends to
implement GMP equalisation as proposed within the consultation documents. There has been a short delay due to the complexity of the work involved; affected members will receive further communication ahead of any increase to their pension in payment.
If
you have any questions regarding GMP equalisation please email PSSGMPEconsultation@nsg.com, however, we cannot provide any details of individual benefits until personal letters have been issued.