Employer pension contributions in the Teachers’ Pension Scheme (TPS) will increase by 7.2 per cent from 1 September 2019 through to 31 March 2023. This has occurred because of the Westminster Government’s valuation of the TPS and not because of any improvements to teachers’ pensions for which employers are having to pay.
The increase in employer pension contributions became apparent in September 2018. The NASUWT wrote to the Chief Secretary to the Treasury to protest about the increase and called on it to be fully funded by the Government. The Government has agreed to fully fund the increase for 2019/20 in state-funded schools in England and the DfE has consulted the NASUWT and other bodies on the methodology for this.
The NASUWT has made clear to the Westminster Government that the Barnett consequentials mean that additional funding for the pensions contribution increase must also be given to the Welsh Government. The NASUWT’s correspondence with the Treasury is available at email@example.com.
The increase in employer pension contributions does not affect teachers’ pension contributions or their pension benefits. For information about TPS benefits, members should contact www.teacherspensions.co.uk.
Private schools are not receiving Government funding towards the cost of teachers’ pensions. Further information about private schools and the TPS is available under Other Pensions Resources on the right/below.
NASUWT publishes a range of information on pensions and provides updates in response to any changes proposed or made by the Government.
If you need general information about the Teachers' Pension Scheme, the most comprehensive source is the Teachers' Pensions website.