GPs to receive windfall as pension cut reversed

GPs are to receive a boost of more than 20 per cent in pension dynamisation for the first three years of the new GMS contract, the GPC has said.

The additional funds will be backdated and added to GPs’ pension lump sums with interest, the GPC said.

The move means the original GMS pension deal has been reinstated after the BMA won a judicial review to block DoH attempts to cut its value.

Then health minister Lord Warner informed the GPC in 2006 that the DoH would impose a pensions cap.

Under the original GMS deal, pensions dynamisation was worth around 52 per cent over the first three years of the contract, from 2003/4 to 2005/6.

But the DoH sought to impose a deal that would spread 48 per cent dynamisation over five years, from 2003/4 to 2007/8.

This meant that GPs who retired after the third year of the GMS contract stood to have pensions uprated by just 29.5 per cent, instead of the full 52 per cent they were due.

GPC deputy chairman Dr Richard Vautrey said top-ups would be paid into pensions within months.

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