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How to Retire

How to Retire. David Barr Clerk Kent LMC. What will this cover?. 24-hour retirement and return to practice Pension Agency requirements Single handed GP 2-doctor practice Multi-doctored practice Permanent Retirement Single handed GP 2 or more doctor practice. 24-Hour Retirement.

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How to Retire

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  1. How to Retire David Barr Clerk Kent LMC

  2. What will this cover? • 24-hour retirement and return to practice • Pension Agency requirements • Single handed GP • 2-doctor practice • Multi-doctored practice • Permanent Retirement • Single handed GP • 2 or more doctor practice

  3. 24-Hour Retirement • Pension Agency and PCT Requirements • No need to remove name from Performers List • Must cease ALL NHS work for 24-hours • Must not work for more than 16 hours in any week for month following retirement • If rule are broken, pension stopped and recoup pension already paid

  4. 24-Hour RetirementPensions Agency and PCT rules • Must remove name from practice contract with PCT • To remove name give notice to PCT and agree a date (Saturday or Bank Holiday) • SFE says end of contract = end of MPIG

  5. Alternatives for single-handed GP • Reach agreement with PCT to terminate contract and reappoint on same terms including amount = to MPIG • Take a partner • Retire, be reappointed by partner, terminate partnership and return to single handed practice.

  6. Agreement with PCTs • Kent PCTs have agreed to retirement and reappointment on same terms • Need to get agreement in writing • We are currently waiting for a formal agreement and standard letters and agreement • Do not take pension before written agreement is in place

  7. 24-Hour Retirement • 2-doctor practice • Give PCT notice of retirement and move to single-handed practice 28 days • Retire 24 hours (can be Saturday or Bhday) • Remaining GP notifies PCT of taking on partner • Return to practice and restrict work to 16 hrs a week in first month

  8. 24-Hour Retirement • Have partnership deed in place • Have clause requiring reappointment

  9. 24-Hour retirement • 3 or more doctor Practice • Notify PCT of Variation to contract to remove retiring partners name • Partner retires • Notify PCT of reappointment • Must have partnership agreement in place • Must have adequate clause on reappointment

  10. 24-Hour Retirement • Further considerations • Please make sure you have adequate time for processes – at least 3 months better 6 months, best 9 months • Make sure you partners are happy with what you are proposing. • Do not retire without agreement – your partners may not let you back!

  11. 24-Hour Retirement • Remember to apply for your pension on form AW8 in time – at least 2 months • Check service record to ensure pension is correct • Remember practice or PCT will need to certify less than 16 hours work per week

  12. Permanent Retirement • Single-handed GP • Give minimum 3 months notice to PCT • PCT will normally take over practice and staff • PCT will consult LMC on future of practice • Options, reallocate practice, tender practice • Premises need careful consideration

  13. Permanent Retirement • Alternatives: • Merge with another practice before retirement • Advertise for and take on a partner in advance of retirement • NB the is no minimum time for the above arrangements before you retire. 1 day will do!

  14. Permanent Retirement • 2 or more doctor partnership • Decide date, obtain pension, partners to remove name from Contract, retire from partnership,remove name from Performers list and GMC, retire to sun • Premises • Accounts

  15. Finally • Plan well ahead • Take advice • Get agreements with PCT in writing • Get agreements with partners in writing • Don’t retire until all the paperwork is done

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