Dentists to pay more for pensions
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- Published: Saturday, 17 December 2011 20:20
- Written by News Editor
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| The Department of Health today launched a consultation on proposed changes to the level of contributions made by NHS Pension Scheme members towards their pension. It aims to secure £2.8bn savings per year by 2014/15 through increasing pension contributions from those in the NHS by an average of 3.2%. |
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The consultation document sets out proposals for increased employee contributions to the NHS Pension Scheme in 2012/13 only. This represents around 40% of the total contribution increases expected by 2014/15. Proposals for increasing rates in 2013/14 and 2014/15 and the wider Hutton agenda will be subject of further discussion with trade unions.
Health Secretary Andrew Lansley said: “What will not change is that the NHS pension will remain one of the very best available, providing a guaranteed pension level for all employees – something that very few private sector employers still offer. We will also completely protect the pensions people have already earned. None of the rights people have accrued will be affected.”
He continued: “The proposals we are setting out today will protect the lowest paid in the NHS. Those earning less than £15,000 will pay nothing extra towards their pensions and a nurse earning £25,000 a year would pay £10 more a month in 2012/13. The top earners in the NHS would be expected to contribute much more. A consultant earning £130,000, for example, would contribute £152 more a month.”
The document gives examples of how the proposed changes could affect individual members. It can be seen at: http://tinyurl.com/3dwdhqt
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