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Government 'clawback' on pensions

Last post 10-07-2008 16:16 by david gregson. 2 replies.
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  • 08-14-2008 17:45

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    • Joined on 12-11-2007
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    Government 'clawback' on pensions

    GP pensions will not be uprated to take account of increases in average incomes between 2006 and 2008, the BMA has revealed.

  • 08-14-2008 17:45 In reply to

    RE: Government 'clawback' on pensions

    discgraceful, dishonest, lan diengenious. ld they do the same to their own pensions call it aash and grab raid

  • 10-07-2008 16:16 In reply to

    RE: Government 'clawback' on pensions

    My concern is the proposed capping of dynamisation factor to 1 for the years 2006-7 and 2007-2008. My accountant tells me that profits have risen slightly during that period. My contributions also rose during that time in line with profits and I paid those contributions with a reasonable expectation that the Government would honour their part of the contract ie increase pension in line with increased profits. Although most GPs benefit from the overall settlement \(self included) and will if continuing in general practice will benefit from indexing in the future it leaves a small group of GPs with a relatively large loss of pension, no indexing since 2006 and dynamising factor of 1 only. This is in effect giving GPs a 2008 pension at 2006 levels..ie 2006 pension -minus inflation! \(having paid contributions at 2007/2008 levels)

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