Government reveals final offer for public sector pensions
By Abi Rimmer, 20 December 2011
The government's final offer for public sector pensions has been announced by chief secretary to the Treasury Danny Alexander.
Speaking in the House of Commons on Tuesday, Mr Alexander announced that all public sector schemes would be career average schemes and that the pension age would match the state pension age.
He said: ‘In future, scheme pension ages will match the state pension age, future schemes will be on a career average basis, and all the agreements are within the cost ceiling I set in November, and will save the taxpayer tens of billions over the decades to come.’
Mr Alexander confirmed the government’s plans to improve the accrual rate for the NHS pension scheme from 1/60 to 1/54.
He said: ‘In health, we have agreed to a revised revaluation factor of CPI + 1.5%. This allows the accrual rate to be improved to 1/54th.’
The Fair Deal – which allows any NHS staff who are transfered to work for a non-NHS provider to retain their NHS pension – will be maintained, Mr Alexander said.
The government will also consider what ‘practical options’ are available to reform the terms of access to the NHS pension scheme for NHS staff who move to a non-NHS any qualified provider delivering NHS services, Mr Alexander said.
‘Replacing so-called bulk transfers of pensions with continued access to public sector schemes means that we continue to protect public service workers’ pensions, manage the risk to the taxpayer, and forge ahead with our ambitious plans on public sector reform,’ he said.
More detail on the final NHS pension scheme is expected from the DH in due course.
The BMA have said that they will consult with members over the government’s final offer in the January. A non-acceptance of the offer will mean a ballot on industrial action.
Latest Articles from GP
Latest jobs Jobs web feed
- Salaried GP / Partner The Lakeside Practice Negotiable, Doncaster
- GP & Lead GP Care UK Competitive + Benefits, Pentonville Prison- London
- Salaried GP Padarn Surgery Over £60,000 for WTE ( 9 sessions) GP - part time adjustment for 6/8 sessions, Aberystwyth Mid Wales
- Ongoing role in NW10 7 clinical sessions per week £75 - per hour Your World Healthcare UK Daily, North West London
- Locum GP's required in South West London dr-locums Competitive, South West London
- General Medical Practitioner Out of Hours Full Time (37hrs per week) Western Urgent Care .Pay : £52.89per hr to £88.32 for weekevenings & Wends. BH rate £ 70.34 - £105.79, (under review), Western Health & Social Care Board Region of N orthern Ireland.