By the end of October, it is expected that the increased employer contributions payable to the Teachers’ Pension Scheme (TPS) from next year will be known. However, an increase to nearly 29% has been flagged up as being likely. This will inevitably require schools to consider carefully whether this can and should be afforded going forward, and the alternative options.This timely session will therefore cover the following:
- What the new TPS employer contribution rate is expected to be, and when it will apply from;
- How you can respond to the cost increases -– a recap of the options available to schools;
- Emerging trends in schools’ proposals to teachers;
- Consultation experience – learnings from schools that have followed alternative options to TPS.
This session will be led by experts from the TPS advisory team at LCP, ISBA's retained actuaries, and Harriet Broughton, Partner in the Employment team at Stone King. It will be suitable for schools considering how best to respond to the latest expected TPS cost increases, including those heading towards consultation.
ISBA member schools can book a place here. Please contact the ISBA Office isbaoffice@theisba.org.uk if you are not an ISBA member school and would like to book your place.
Tuesday 10 October 2023
Start - 10:00
Finish - 11:15
John Murphie, COO, ISBA
Richard Soldan, FIA, Lane Clark & Peacock LLP
Luke Hothersall, FIA, Lane Clark & Peacock LLP
Harriet Broughton, Partner, Stone King LLP
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