The percentage rates of contributions paid can be found within the actuaries report, see pages 15 and 16 for Teachers’ and page 16 for NHS. The Educational Institute of Scotland. The accounts are published on SPPA’s website at: Scottish Teachers’ Pension Scheme. NHS Pension Scheme Scotland. Teachers in some independent schools are being asked to sacrifice their pay in order to stay in the Teachers' Pension Scheme, Tes has learned. The Teachers’ Pension, UK is thought to be a generous scheme. Scottish Public Pensions Agency ‘My Pension’ is the easiest and most convenient way to access a range of information regarding your pension benefits at a time that suits you. It is one that offers the opportunity for a comfortable retirement. Scotland. 31/01/2019 Racheal Smith. Under a new "hybrid" arrangement, teachers are being asked to meet a 43 per cent rise in employer contributions out of their own pay packets because independent schools are struggling to balance the books. Scotland Pensions. See note 3 on page 42 for Teachers’ and page 41 for NHS. Version: 4.0.7646.26392. Teacher Pension contributions increases in 2019 (12 April update) The employer contribution that colleges, schools and post-1992 universities pay to the Teacher Pension Scheme will rise from 16.48% to 23.68% in September 2019 - an increase of more than 40%. Moneywise list a teachers’ pension in the top 10 jobs to have if you want to retire comfortably. This is a type of pension scheme that pays you an income in retirement which is based upon your earnings over your career. Teachers’ pensions are complicated things and can make planning for retirement a confusing prospect. The first column shows the “average pension” for newly retired teachers from the past ten years in each state. Teachers' Pension Regulations 2014, regulations 34 and 35 define pensionable earnings and regulation 185 defines member contribution rates. The averages include many teachers who qualify for some pension, but those pensions may be worth less than the value of the teacher's own contributions. Contribution changes As the rate of the Consumer Price Index (CPI) rose by 1.7% in the year to September 2019, the salary bands for contribution rates for members will increase accordingly with effect from 1 April 2020. Unless you’re a maths whiz or have an accountant, you’d be forgiven for ignoring the small print on your pension altogether. Other Schemes Now onto the data. https://pensions.gov.scot/ Scottish Teachers’ Pension Scheme There are currently two occupational pension schemes for teachers in Scotland • the Scottish Teachers’ Superannuation Scheme (STSS) and • the Scottish Teachers’ Pension Scheme 2015 (STPS 2015). But major changes to the Teachers' Pensions Scheme came into effect on 1 April 2015, and how much you'll get when you finally come to claim your pension will depend on when you joined the scheme. 46 Moray Place, Edinburgh EH3 6BH +44 (0)131 225 6244 enquiries@eis.org.uk @eisunion eisunion Is the Scottish Teachers’ Pension Scheme different? Here is an explanation of what is going on and some context. Please see an important reminder about HM Treasury’s consultation on its proposed remedy for age discrimination in the Teachers’ Pension Scheme on our McCloud and Unlawful Discrimination page.