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DfE to fully fund teacher pension contribution increase for 2019/20

  • Employer pension contribution rate will increase from 16.48% to 23.6% from the 2019/20 financial year.
  • DfE have confirmed funding for maintained school to March 2020 and for academies to August 2020.
  • There will be a government spending review later in 2019 which will decide whether this funding will extend into 2020/21.
  • Will be provided through a grant and a supplementary fund.
  • Grant will be allocated on a per pupil basis.
  • The supplementary fund is available for schools to apply for if their grant is less than their actual pension cost increase.
  • Schools can apply for the supplementary fund if their grant falls short of their actual pension cost increase by more than 0.05% of their overall budget for the period.
  • Grants will be paid in September 2019 but amounts are not yet known.
  • Details of how to apply for the supplementary fund will be release in Autumn 2019.

Further information can be found here

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