If you have received a hard copy of your statement in the post, there is a box in section 2 labelled ‘Provisional McCloud Addition’. If you have a provisional McCloud addition, we have shown the value in this box and included it in all of your accrued and estimated benefits. The majority of protected members have a provisional McCloud addition of £0. This is because their career average pension is more than the pension they would have built up in the final salary scheme for the Remedy period. The final value of any McCloud addition will not be known until the pension is taken; it may be higher, lower or may not apply at retirement.
If this box says ‘Unable to Calculate’ it means that NILGOSC has exercised its statutory power not to include the McCloud addition in your statement this year, as we are still awaiting final guidance from the Department for Communities, or additional information.
If this box says ‘Not Applicable’ then, according to our records, you are not protected by the McCloud Remedy; you should contact us if this is incorrect.
For further information see The McCloud Remedy – NILGOSC