Teachers' Pensions Update

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Teachers Pensions

The DfE has published the results of the actuarial valuation of the TPS carried out as of 31 March 2016 on the Teachers’ Pensions website. The report confirms that the employer contribution rate will increase to 23.68% from 1 September 2019.

As we mentioned as part of our recent set of briefing sessions, in January 2019 the DfE launched a consultation to seek views on their proposal to provide funding for certain educational institutions for the increase to employer contributions. The response to the consultation has now been published on GOV.UK website.

  • The response confirms that the funding will be provided to the following institutions:
    Mainstream and special maintained schools
  • Mainstream and special academies (including Alternative Provision, 16-19 academies and free schools)
  • Maintained nursery schools
  • Non-maintained special schools
  • Independent Special Schools, to the extent they educate children with Education, Health and Care Plans.
  • Local Authority Centrally Employed Teachers
  • Music Education Hubs

The methodology for the payment of the funding has also been published on the GOV.UK website. An explanation is also provided here on the periods over which the grant will cover funding for maintained schools and academies.

As you will see from the consultation response, the DfE is also providing funding for FE colleges and other public-funding training organisations including sixth form colleges, but the DfE will not be providing funding for universities and independent schools.