Independent Schools are not automatically enrolled in the Teachers’ Pension Scheme (TPS). The school you work for may have opted to join the scheme, as part of their pension requirement or they may have made alternative pension arrangements.
From September 2019 schools faced a significant increase in the level of contributions they were required to pay into the TPS and many are finding ongoing membership commercially unviable and are now looking to implement alternative arrangements. Schools in the Independent Sector participate in the Teachers’ Pension Scheme voluntarily, consequently they are permitted to leave the scheme at any time.
Changing pension schemes, especially moves to lower cost options often lead to a changes in a the benefits provided to staff at their retirement. To maintain employee motivation and good will it is important that schools engage pro-actively with union officials and employee representatives.
This one day course is designed to help employee reps understand the background drivers behind the need to withdraw from the Teachers’ Pension Scheme, understand the legislation that relates to such changes, together with the general pros and cons that alternative schemes typically offer. Building on this it considers the role of the employee rep when participating in collective consultations, and liaising with the employees they represent.
Content
2. Key Definitions and Terms
3. Differing Pensions Schemes Pros and Cons
4. The Legal Framework
5. Consultation on Changes to Pension arrangements
6. Definitions and scope
7. Further resources and support
8. Action Points
9. Skills Development – Hints and Tips
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