Administration 52: Supplementary Fund to the Teachers Pension Grant

The Department for Education has announced an accompanying funding to the Teachers’ Pension Grant, being a Supplementary Fund.

Schools will be able to apply to the fund if their grant allocation falls short of their actual pension cost increase between September 2019 and March 2020 by more than 0.05% of their overall budget for this period, and they will be reimbursed for costs above that threshold. More details of how schools will be able to apply will be provided in October. This additional fund is in recognition of the substantial cost increase caused by the changes to the TPS employer contribution rate.

Details of the Teachers’ Pension Grant may be viewed at

https://www.gov.uk/government/publications/teachers-pension-employer-contribution-grant-tpecg/pension-grant-methodology

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