Every four years, the Government Actuary’s Department carries out a valuation of all unfunded public service pension schemes, including the Teachers’ Pension Scheme.  One of the purposes of the valuation is to assess the cost of pensions being provided to active members of each scheme and to determine the appropriate employer contribution rates going forward.

The Teachers’ Pensions Scheme valuation report has now been published and is available (PDF, 1.1 MB) (This link opens in a new window).

The report has confirmed that the employer contribution rate will increase to 23.68% of contributory pay with effect from 1 September 2019 (this includes the administration levy of 0.08%).