Will MPIG cover rising employment costs?
Will MPIG practices receive sufficient baseline funds to take into account the rising costs of employment?
the rising costs of employment?
The global sum equivalent (MPIG) will be calculated based on the various quarters agreed (last three quarters of 2002/3 and first quarter of 2003/4)
and this will then be uplifted to April 2004 levels.
It will include an additional amount for partners' superannuation, for staff superannuation and for increased national insurance. To date none of the global sum calculations have been adjusted for the increase in superannuation.
But when the final April 2004 calculations are made an additional amount to cover
these costs will be added to the global sum and MPIG amounts, in addition to the 2004/5 uplift.