Scheme Valuation

Every four years, the Government Actuary’s Department (GAD) carries out a revaluation exercise which covers all unfunded public service pension schemes.

The result of the recent valuation showed that the cost of providing pensions has increased. Therefore, the Government has decided that the contribution rate paid by employers to the Teachers’ Pension Scheme needs to increase. The changes to this rate will take effect from 1 September 2019. For more information about this increase please take a look at our FAQs.

 

Last Updated: 29/04/2020 10:16