Elections are being held in January 2022 to fill four Member Elected Trustee vacancies across the Scheme – two from Section A and two from Section B.
Two ballots are taking place – one for each section. 10 candidates are standing in the election for Section A, and 10 are standing in the election for Section B.
Contributing, Deferred and Pensioner members are eligible to take part by section, and you are asked to vote for your two preferred candidates. The personal statements for the candidates standing in the election for your section were issued with the ballot papers.
The ballots are now open.
How to vote
Voting online – instructions were emailed to you on 10 January 2022 including a unique code and link to cast your votes.
Voting by post – ballot papers were posted to you in early January with a pre-paid envelope to return your votes.
Taking part is simple and instructions are included. If you run into any issues, please click here and follow the instructions.
Voting (online and by post) closes at 5pm on Friday 11 February 2022.
We really hope you use your votes and take part.
- Information for active and deferred members only
New pensions regulations come into force from 30 November 2021 that set out additional conditions which must be met in order for members to have a statutory right to transfer their benefits out of the Scheme.
Trustees of occupational pension schemes, such as NGUKPS, are currently required to comply if a member requests a transfer and has a statutory right to do so, even if they have concerns about the transfer in relation to pension scams.
The new regulations, arising from the Pension Schemes Act 2021, ensure that trustees have the tools to act where suspicious about the circumstances that have prompted the transfer request are identified.
What do the new regulations involve?
Trustees will be required to ensure that at least one of four specified conditions is met before a statutory transfer is made:
The Scheme Trustees are currently updating the steps of their transfer process to reflect the new regulations.
For active and deferred members who are considering transferring their benefits after 30 November 2021, the process may take slightly longer to allow for the additional steps and checks required.
Pensions paid to retired members of the NGUKPS are reviewed in April each year and increased in line with the percentage increase in the Retail Prices Index (RPI) for the 12 months up to the previous September.
This year, the main annual pensions increase will be 4.9%. This will be applied with effect from Monday 11 April 2022.
If you’re a man under age 65, or a woman under age 60 at the increase date, your whole pension will be increased by this amount, and you will receive details in your April payslip.
However, if you’re a man over age 65, or a woman over age 60, your National Grid pension is likely to include what’s known as a Guaranteed Minimum Pension or GMP.
Different increases apply to the GMP part of your pension and depending on when you reached or will reach State Pension Age, some increases to your Scheme pension may be paid by the State.
Apply to join the Board and help ensure the Scheme continues to run effectively on behalf of all our members.
The Scheme is seeking four Member Elected Trustees (two from Section A and two from Section B) to join the Board from 1 April 2022.
Contributing, Deferred and Pensioner members are eligible to apply to stand as a candidate in the elections which will take place in January 2022.
A booklet outlining what the Trustee role involves and what you need to do if you wish to apply has been issued to eligible members (by post and/or by email, depending on how you receive communications from the Scheme).
If you’re an eligible member and interested in applying, we’d encourage you to attend the introductory briefing webinar so that you understand the role and the commitment involved before you put yourself forward as a candidate. The webinar will be held via Zoom on 30 September 2021.
To register your interest and book a place, please email: gas.pensionsenquiries@TEL41.com by no later than 24 September 2021.
We’ll issue you login instructions by 28 September in time for the event on 30 September.
For more information, please click to access an FAQ on the Scheme website.
If, having read the FAQ, you have further questions, please send them to: gas.pensionsenquries@TEL41.com.
We hope you’ll read the information and consider applying.
GMP reconciliation is the name of the process used to ensure the Scheme records agree with those of the National Insurance Contribution Office (part of HMRC). This process enables a scheme to consider its data as clean and entirely reliable.
Most UK defined benefit pension schemes, including the NGUKPS, have been required to undertake an exercise to reconcile their records recently. The process has resulted in a small number of members’ pensions being adjusted in March 2021. Those affected have been informed.
Other members will not see a change in their pensions in payment although the way the different elements of their pension have been increased will have altered from previous years; this is to reflect the corrected GMP figures identified by HMRC during the Scheme GMP reconciliation exercise.
A Q&A on GMP reconciliation is available.