A report has revealed that the pensions of the GPs in England are the most liberal. It has been reported that a GP who has recently retired would have a pension package of nearly £140,000 a year which is much more than pension of an average public sector employee.
This trend is said to remain like this in coming time and it is also reported that amount would increase in future due to inflation. A doctor at age of 24 can expect to have a pension of £70,000 a year in the country.
This means that doctor’s pension is equivalent to the gross average earnings of six public sector employees. But nothing could be done in this regard as trend is here to stay. The report said that the doctor who retired last year with the highest current pension £137,159 would be getting revised pension payment of £144,291 a year from this year’s April.
This had led the government advised to increase the retirement age of doctors so they could add more money to their pensions. But the idea is not liked by the doctors and the British Medical Association has said that if this would happen then they could take out an independent industrial action.
In return the government has asked for the complete details of pension reforms. So they could ensure a limit for pension package which would be applicable for all.
Dr. Ros Altmann, who is Former Independent Adviser on Pensions said, ‘Unfortunately the whole issue of public sector pensions has become divorced from reality. It’s clear that workers’ contributions have to increase. It’s only right that the Government looks after future taxpayer expenditure”.
Talking about the matter, the Public and Commercial Services (PCS) union said that a midway should be taken out where interests of both the parties should meet.












