This briefing gives details of the Teachers’ Pension Scheme contribution structure for 2015. The new structure is based on six contribution tiers, but members will still pay an average of 9.6 per cent. Contributions will be based on a member’s actual salary rather than full-time equivalent salary.
The NUT still opposes member contribution structures which give an average contribution rate of 9.6 per cent. The Government’s proposed contribution structure will lead to some members paying more than in 2014-15 and some paying less. The key point is that all teachers are paying more versus the pre-April 2012 position.
Our view is that a 9.6 per cent average employee contribution rate is unnecessary and is just a tax on teachers to pay for the cost of the recession.