The Department for Education today published the outcome of the consultation on further contributions increases, which will apply to members of the Teachers’ Pension Scheme in financial year 2013/14. The consultation also considered the removal of the provisions governing scheme valuations and cap and share agreements.
This is the second year of savings, which are being phased in over three years.
You can read the Department for Education’s response here, and take a look at Teachers’ Pensions member factsheet here to understand what this may mean for you.
