By Lilian Anekwe
The Government has delayed hugely controversial moves to save £2.8bn from public-sector pensions, including GP retirement pots, after a furious reaction from unions.
The Treasury said it had postponed a planned launch of proposals in March’s Budget until the summer to allow more time for negotiation between ministers and unions.
The changes are set to see employee contributions to public-sector schemes increase by an average three percentage points, a spokesperson admitted.
The spokesperson said: ‘This change in timing was to facilitate further discussion between ministers and the TUC and other representative bodies on details of design and implementation across all schemes.’
The Department of Health’s proposals on pensions, which Pulse revealed last month could see the GP retirement age rise to 65, have prompted a furious reaction from GPs, with 800 signing up to our petition.
Dr Dale Cox, a GP in Warrington, said: ‘We should all strongly oppose these further threats to our pensions.’
The Treasury has been forced to delay changes to GP pensions Click here to sign our petition No to 65 Practice Finance Skills for Challenging Times
Attend this Pulse seminar to be advised by financial experts on important changes to tax and pension law and the mitigating action you can take.
Book before 10 February and save £30