Teachers: Workplace Pensions
The question
To ask the Secretary of State for Education, what assessment she has made of the impact of Teachers’ Pension Scheme contribution rates on the ability of post-1992 higher education institutions to compete with pre-92 institutions for staff.
Answered by Josh MacAlister
The government recognises the financial challenges in the higher education (HE) sector both for providers and their staff.
HE providers are autonomous bodies, and the government does not fund the costs of changes to the scheme for them in the same way as for schools and colleges.
However, we remain committed to engaging with both employer and staff representatives to fully understand the impacts of pension provision in HE on both staff and providers.
Furthermore, we appreciate both the impact of the increased Teachers’ Pension Scheme employer contribution rate on providers and that defined benefit pensions are highly valued by staff across the sector. As set out in the Post-16 Education and Skills White Paper, the government is seeking to better understand concerns within the post-1992 HE sector regarding pension provision.
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