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 you as members of the scheme and to determine the appropriate employer contribution rates going forward.

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

The report has confirmed that the rate paid by your employer towards your teacher's pension will increase to 23.68% of contributory pay with effect from 1 September 2019. There is no change to the overall member contribution rate, or the tiered contribution structure.