The NDA group Pension Reform
Information that explains why and how your pension scheme is changing and an indication of when the change is likely to take place.
Introduction
If you are an employee in either of the final salary pension schemes (also known as Defined Benefit scheme) Combined Nuclear Pension Plan (CNPP) and the Magnox Electricity Supply Pension Scheme (Magnox ESPS) you will find information about the reforming of those schemes in this portal. The information will explain why and how your pension scheme is changing and an indication of when the change is likely to take place. It contains frequently asked questions (FAQ) and a glossary of terms that may help with your understanding of the change.
You can expect the portal to be updated when key milestones in the legislative process have been met and during implementation of the new scheme. In time it will provide a ‘calculator’ that you can use to find out what the change will mean to you. We will alert you to new information placed on the portal and the introduction of the calculator.
You can find more information about your current pension scheme through these links: CNPP, Magnox ESPS
The portal is for the use of employees affected by the reform and about the reform only. For advice on other pension concerns you should contact your company pension representative.
Who is in scope?
Any employee of an NDA group Operating Company who is an active member of either one of the final salary pension schemes:
- Combined Nuclear Pension Plan (CNPP)
includes all those final salary members under the CPS Benefit Structure and the GPS Benefit Structure within the Sellafield, Magnox including Dounreay, LLWR, GPS SLC and GPS DRS Sections - Magnox Electric Group of the Electricity Supply Pension Scheme (MEG ESPS)
all those in the SLC Section
Who is not in scope?
Any employee of an NDA group operating company who is an active member of:
- CNPP defined contribution scheme
- Civil service pension scheme, Alpha and Partnership
- UKAEA Combined Pension Scheme
- British Energy Group of the Electricity Supply Pension
- Merchant Navy Officers Pension Fund
- Merchant Navy Ratings Pension Fund
- Merchant Navy Group Personal Pension
- Ensign
- NEST