Teachers' Pensions

Arrears of contributions

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Employers and their Payroll Providers are responsible for deducting teacher contributions, and for remitting both these and employer contributions to the Teachers’ Pension Scheme within seven days of the end of each month. If you don’t fulfil these responsibilities and any employment is subsequently identified as pensionable, then arrears of contributions are due.

Teachers’ Pensions Regulations allow for the charging of interest, compounded with monthly rests, until the total amount is paid. The rate of interest is the Superannuation Contributions Adjusted for Past Experience discount rate set by the Treasury.

If Teachers’ Pensions identify that contributions have not been deducted correctly they will issue an invoice for arrears of contributions. These invoices must be paid immediately.  Where payment is not received by the due date we may issue a revised invoice which takes into account recalculated compound interest.

Where it’s appropriate we'll issue separate invoices for arrears of contributions to employers and employees.

Missing contributions can be identified in a number of ways:

Where appropriate we’ll write to employers to obtain service and salary details before issuing an invoice for the arrears of contributions. Please note should members have queries with contributions or service it’s the employer’s responsibility to provide this information to Teachers’ Pensions.

Last Updated: 05/05/2017 13:38

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