Higher Education: Pensions

(asked on 6th November 2018) - View Source

Question to the Department for Education:

To ask Her Majesty's Government whether they anticipate an increase in employer contributions for higher education institutions on the Teachers’ Pension Scheme following changes to actuarial valuations in 2019–20; and if so, what estimate they have made of the amount such an increase will represent.


Answered by
Viscount Younger of Leckie Portrait
Viscount Younger of Leckie
Shadow Minister (Work and Pensions)
This question was answered on 15th November 2018

For the financial year 2019-20, the changes will be implemented from 1 September 2019 for which the department estimates that £1.1 billion more will need to be put into the Teachers’ Pension Scheme by employers to ensure teachers’ pensions remain generous and attractive to the profession. Of the estimated £1.1 billion, affected higher education institutions are expected to put in £80 million.

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