Employer contributions to teacher pension will rise by 2%

From Teachers' Pensions: 'HM Treasury has today published the final Directions and the expected outcome of the TPS valuation is a total contribution rate of 26%. The TPS proposed final agreement provides that scheme members will pay an average contribution rate of 9.6%, with the balance falling on employers; meaning that the new TPS employer contribution rate will be 16.4% (currently 14.1%).'



The announcement was made last month - March 13 2014

This is in addition to a rise in pension contributions attributed to the removal of a national insurance exemption - Pension changes mean a big black hole in academy finances.