Administration 54: Pension Supplementary Fund
Posted on 6 November 2019 by education.finance
The pension supplementary fund provides additional support alongside the teachers’ pension employer contribution grant (TPECG), for the cost to schools due to the increase in the employer contribution rate to the Teachers’ Pension Scheme from September 2019.
Schools will be able to apply directly to the fund from 2nd December 2019 to 17th January 2020. If a school’s TPECG allocation falls short of the cost increase for September 2019 to March 2020 by more than 0.05% of their budget, funding will be provided for costs above that threshold. Special units and resourced provision at mainstream schools should be considered as part of the application for the school.
Details regarding the pension supplementary fund can be found at:
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