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Document What was the Option to Give Up Protection exercise?

The Option to Give Up Protection exercise gave members of the 2008 Section of the NHS Pensions Scheme with full or tapered protection a one off opportunity to move to the 2015 Scheme from 1 April 2015.
 
This option was made available as the higher build up rate in the 2015 Scheme could potentially provide a higher pension at retirement than the 2008 Section.
 
The Option to Give Up Protection exercise ended in 2015.
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