Junior doctors in the UK are to receive a significant boost to their pensions as a result of an agreement negotiated by the British Medical Association (BMA).
Junior doctors – or flexible trainees as they are known within the NHS – will now be able to claim extra pension credits for the overtime that they work.
Within the NHS the move is being viewed as an important step forward in pension provision – previously many NHS trusts did not consider flexible trainees’ overtime as pensionable.
The junior doctors were denied the extra pensions credit because of administration errors over the past ten years. Many doctors have received part-time instead of full-time pension credit which has significantly reduced their final pension.
NHS Trusts now face correcting a ten-year backlog of wrongly calculated pension payments.
British Medical Association chair of the junior doctor’s committee Roger Currie said: “We are delighted that the problems with flexible trainee pensions have finally been resolved and that we have been able to negotiate an excellent outcome. This will ensure that junior doctors will receive the full pension credits they are entitled to.”
The extra cost of the employee contributions will have to be paid over three years but will be reduced by 25% to take into account the tax relief that the doctors would have had if the payments had been correctly processed.
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