Teachers' Pension Scheme

DfE has published the actuarial valuation of the Teachers' Pension Scheme which reports a £15 billion deficit on notional assets and a 60% rise in scheme liabilities over 8 years while explaining the increase in employer contributions from 14.1% to 16.4% in 2015 (presenting colleges and schools with a £500 million bill). AoC has prepared a note explaining the issues. AoC Note on the TPS Valuation 16 June 2014.pdf AoC Note on the TPS Valuation 16 June 2014.pdf (PDF,158.64 KB)