Teachers’ Pension Scheme – Independent Schools Phased Withdrawal

Overview

We are seeking further views regarding proposed changes to the participation of independent schools in the Teachers’ Pension Scheme.

Why your views matter

The consultation concerns proposals to change the England and Wales Teachers’ Pension Scheme rules to allow independent schools opting out of the scheme to do so more flexibly.  

Under current scheme rules, an independent school electing to opt-out of the scheme results in all members becoming deferred.   

The proposal could allow independent schools, electing to opt-out of TPS participation for future teaching staff, to allow existing staff to remain as active members.  

The consultation seeks views on the proposal and whether there are any alternative proposals to achieve the aims outlined in the consultation document.

What happens next

The department will consider views and publish a consultation response document on this site.