South West London CCG Annual Report and Accounts 2020/21

Notes 1. South West London CCG does not make any employer’s pension contribution in respect of James Blythe. 2. South West London CCG does not make any employer’s pension contribution in respect of James Murray. 3. Mark Creelman is the Locality Executive Director Merton and Wandsworth since September 2020 and is on the payroll of NEL CSU. South West London CCG is responsible for 82% of his costs, but we are showing the full benefits. 4. As this the first of year of South West London CCG is it not possible to provide equivalent prior year comparators. Cash equivalent transfer values - audited A cash equivalent transfer value (CETV) is the actuarially assessed capital value of the pension scheme benefits accrued by a member at a particular point in time. The benefits valued are the member’s accrued benefits and any contingent spouse’s (or other allowable beneficiary’s) pension payable from the scheme. A CETV is a payment made by a pension scheme or arrangement to secure pension benefits in another pension scheme or arrangement when the member leaves a scheme and chooses to transfer the benefits accrued in their former scheme. The pension figures shown relate to the benefits that the individual has accrued as a consequence of their total membership of the pension scheme, not just their service in a senior capacity to which disclosure applies. The CETV figures and the other pension details include the value of any pension benefits in another scheme or arrangement which the individual has transferred to the NHS pension scheme. They also include any additional pension benefit accrued to the member as a result of their purchasing additional years of pension service in the scheme at their own cost. CETVs are calculated within the guidelines and framework prescribed by the Institute and Faculty of Actuaries. The benefits and related CETVs do not allow for a potential adjustment arising from the McCloud judgement (a legal case concerning age discrimination over the manner in which UK public service pension schemes introduced a CARE benefit design in 2015 for all but the oldest members who retained a Final Salary design). Real increase in CETV This reflects the increase in CETV that is funded by the employer. It does not include the increase in accrued pension due to inflation or contributions paid by the employee (including the value of any benefits transferred from another scheme or arrangement). Annual Report and Accounts 2020/21 | 153