Final changes to NHS pensions published
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- Published: Friday, 30 March 2012 10:48
- Written by News Editor
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| The Government has published the final details of its proposed changes to the NHS pension scheme in England and Wales. This follows months of discussions between the health service unions and the Department of Health. Discussions are now at an end and the unions are returning to their Executives to consider the offer. |
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The main changes to the scheme are:
- The accrual rate improves from 60ths or 80ths to 54ths
- The final salary scheme is abolished and replaced with Career Average Revalued Earnings. This affects salaried staff, not GDPs.
- The normal pension age will be equivalent to state pension age
- Contribution rates will be significantly increased and implemented over a three-year period
- There will be protection arrangements for those within 13 years five months of pension age
- All accrued rights are protected.
The BDA’s Representative Body decided in February that it would not ballot on taking industrial action, despite its vehement opposition to the reduction in benefits in a scheme which is not in deficit.
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