What do future TPS employer contributions look like for HE institutions?
Dramatic increases to the Teachers' Pension Scheme (TPS) employer rate from 2019 β from 16.48% to 28.68% of salaries β put the budgets of post-92 universities in particular under severe strain.
But the impact of the new SCAPE discount rate announced in May will provide welcome relief β making a material fall of the TPS employer contribution rates extremely likely from April 2027.
Our 45-minute webinar on the future of TPS employer contributions takes place on Wednesday 17th June at 11am. Itβs aimed at pension decision-makers in the HE sector.
Education pension specialists from First Actuarial will join Raj Jethwa, CEO of the Universities and Colleges Employers Association (UCEA) to explore what this new situation means for employers, covering:
- The SCAPE rate and other factors that impact the actuarial valuation
- How this will affect the TPS employer rate from April 2027
- What a lower employer rate means for future pension provision in the sector
- Why UCEA must keep campaigning for fair and flexible HE pensions
- Options available for employers.
There will be time for Q&A.