Three-year pension rise to hit 48%
GPs' pensionable earnings for the first three years of the contract will be uplifted by around 48 per cent, the BMA has estimated.
Dr Andrew Dearden, chair of the BMA's pensions committee, told a Surrey and Sussex LMCs conference that the 'dynamising factor' for 2004/5 would be between 18 and 20 per cent.
For 2005/6, he estimated it would be between 8 and 10
per cent. The result would be a 45 to 48 per cent uplift in superannuation over the period, he said.
The figure is much higher than the BMA's original estimate of 33 per cent, but is line with former GPC deputy chair Dr Simon Fradd's estimate after the GMS contract was agreed.
The dynamising factor for 2003/4, the first year of the contract, was last month confirmed at 12.9 per cent.
Dr Dearden said: 'I would rather not say these are predictions they are estimates but there are lots of figures around and they are all in that range.'
The dynamising figure for 2004/5 is due to be released in spring 2007.
A recent Pulse survey found 17 per cent of GPs expected to retire in the next two years.