The Post-2015 Teachers’ Pension Scheme

The following Pensions practice note provides comprehensive and up to date legal information covering:

  • The Post-2015 Teachers’ Pension Scheme
  • What is the Teachers’ Pension Scheme?
  • Transitional membership of pre-2015 TPS until 31 March 2022
  • Age discriminatory nature of original transitional provisions
  • Government’s remedy
  • Statutory framework
  • Funding
  • Cost cap mechanism
  • Changes in discount rate
  • Administration
  • More...

The Post-2015 Teachers’ Pension Scheme

FORTHCOMING DEVELOPMENT 1: In order to implement the McCloud remedy referred to below in Transitional membership of pre-2015 TPS until 31 March 2022, the government intends to pass the Public Service Pensions and Judicial Offices Bill (see LNB News 11/05/2021 80). Furthermore, any necessary amendments required to scheme regulations in order to implement the policies will be subject to further consultation (see consultation response dated 4 February 2021).
FORTHCOMING DEVELOPMENT 2: On 7 April 2021, the Department for Education (DfE) published a consultation concerning proposed changes to the Teachers’ Pension Scheme (TPS) regulations. The draft amendments are to provide female members in an opposite-sex marriage or civil partnership with the same survivor pension rights as female members in a same-sex marriage or civil partnership, following the decision of the Employment Tribunal in Goodwin v Secretary of State for Education, and to amend participation rules relating to accepted schools to allow for the phased withdrawal of independent schools that might otherwise leave the TPS outright with immediate effect, as well as some other minor amendments.
The proposed amendments to survivor benefits follow a written ministerial statement in July 2020 by the Chief Secretary to the Treasury, Steve Barclay, announcing that, following the Goodwin decision, changes would be made to the TPS

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