Archive

Our news archive is updated regularly with all the information you need to know about the Teachers' Pension Scheme.

February 2018

Pensions Increase and revaluation of Career Average pension benefits

The Pensions Increase to be applied to pensions in payment will be 3% for 2018/19. The increase to pensions will take effect from 9 April 2018.

27/02/2018 | Employer News

Working hard with teaching employers to emphasise the benefits of the Teachers’ Pension Scheme

With an increase in life expectancy and the cost of living, it’s more important than ever for people to be thinking about their future and how they’ll fund their retirement. The Government has introduced auto enrolment policies aimed at helping people build up a pot for the future.

27/02/2018 | Employer News

Improvements to our member helpline

Over the last few months we’ve increased the size of our Contact Centre Team and made improvements to the member helpline.

19/02/2018 | Employer News

Completion of Monthly Breakdown form and ratio imbalances

There are occasions when there’s a ratio imbalance on the monthly breakdown form and the online version of the form gives a “No” result. Many of the responses given advise of either a refund after opt out or maternity pay.

19/02/2018 | Employer News

Web form completion Faster Accrual

Please check if there are any faster accrual web forms that require your approval, and if so to complete them as soon as possible.

19/02/2018 | Employer News

Dates confirmed for the Teachers' Pensions Action Forum TPAF

We wanted to give you the heads up so you can pencil the dates in your diary.

19/02/2018 | Employer News

Queries on additional payments

We’ve recently had a number of queries concerning additional payments and whether they are pensionable.

19/02/2018 | Employer News

MDC enhancements overseas addresses and template

The MDC process has been updated to allow the submission of overseas addresses.

19/02/2018 | Employer News

Salary bands changes for contribution rates

As the rate of the Consumer Price Index (CPI) rose by 3% in the year to September 2017, the salary bands for contribution rates for members will increase by 3% with effect from 1 April 2018.

19/02/2018 | Employer News

Late payment of contributions

Academies should be aware that if they’re late in paying contributions by over 90 days they’ll be included in our monthly reporting to the Pensions Regulator.

19/02/2018 | Employer News

Opt out

We previously advised you that from January 2018 members will only be able to opt out online (unless they have requested otherwise). Members will need a My Pension Online account in order to access the online opt out form.

19/02/2018 | Employer News

Monthly Data Collection (MDC) and missing service

The MDC Reminder and Checklist process is almost complete. This will allow Teachers’ Pensions to inform you of any missing MDC files or members each month.

19/02/2018 | Employer News

Training

Watch out for our new webinar which is starting in March. It’s for those employers who are new to the Scheme, or if you’re an employee new to administering the Scheme or if you simply need a refresh.

19/02/2018 | Employer News

Help in improving member records

Please help us in ensuring that members’ records are set up correctly. Inconsistencies lead to a member not being able to sign up to My Pension Online as their details don’t match.

19/02/2018 | Employer News