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Pension changes spelled out

  • 6 Comments

Ministers are to set out precise details of the additional contributions facing millions of doctors, nurses, teachers and civil servants.

According to leaked details obtained by the Daily Telegraph, while 750,000 of the lowest paid staff face no increase, the remaining five million in pension schemes will be hit, with the top earners paying the most.

In the first year, the best-paid 40,000 public sector workers, earning well over £100,000, will pay an additional £284 a month - £3,400 a year - for their final salary schemes. The paper said that a doctor on £100,000 a year would pay almost £2,000 a year more.

For staff in the £50,000 pay bracket, those working in the NHS would pay £768 a year extra. Workers with a £35,000 salary will have to find an extra £516 a year while those on £21,000 a year will pay an additional £108 a year.

The paper said further increases will be introduced until 2015 so that the overall extra contributions rise to almost £3bn a year, accounting for an average 3.2% of each worker’s gross salary before tax.

The paper said that the figures show that when tax is taken into account, a nurse on £25,000 would be only £12 a month worse off, whereas a hospital consultant on £130,000 a year will have to pay £160 a month extra.

  • 6 Comments

Readers' comments (6)

  • And this is despite 'talks' still going on then?

    Where the hell is our ballot on strike action?

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  • how is it that the DT are always getting hold of leaked details. are they into hacking as well?

    these increases are not substantial and it is a collective scheme which requires some social conscience as well as thinking about one's own pot.

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  • So a 2.4% increase in Pension contributions in a year when we will be lucky to get a 2% incarease = a cut in pay and it looks like this is scheduled to go on till2015! So a real cut in pay year on year.
    Lets stop it now and protect the service we are proud to provide STRIKE!

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  • Pension changes spelled out

    Ministers are to set out

    Make your freaking minds up. They have either spelled them out or they are going to.

    Which is it?

    This is just lazy journalism just repeating what the BBC/Daily Mail etc are saying. I'd have hoped you'd have had a bit more of a grip rather than recycling the nebulous figures circulated almost half a day earlier.

    Not even a soundbite from the CNO or similar. Is everyone on the beach???

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  • Any news on the retirement age, will not be able to do this back breaking job at 66.

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  • tinkerbell

    PG | 29-Jul-2011 6:12 am

    Same here. I can barely manage it now as after my years of nursing am now a knock kneed, knackered old nose bag and well past my sell by date. My back is gone, my hips are going, my knees are clicking and that's just my lower half. Never mind the pension think i should get myself on the waiting list for a bed in a nursing home. Need a long lie down! Are firemen seriously to be expected to lift others out of danger whilst approaching their 70's, i know we all march to the beat of a different drum, some are physically stronger than others but i guess they are hoping we will all die on the job from exhaustion before we get our pensions.

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