Teachers: Pensions

Education written question – answered on 4th July 2012.

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Photo of Chris Skidmore Chris Skidmore Conservative, Kingswood

To ask the Secretary of State for Education what the 20 largest lump sum payments made to members of the Teachers' Pension Scheme were in each of the last five years.

Photo of Nick Gibb Nick Gibb Minister of State (Education)

The 20 largest lump sum entitlements paid to members for each of the last five financial years are provided in the following table.

  Lump sum payments (£)
Year ending 31 March 2008 262,371
  252,375
  237,372
  236,890
  214,783
  208,677
  207,420
  207,409
  205,434
  198,860
  195,331
  195,167
  186,255
  180,787
  180,300
  179,632
  173,581
  173,313
  171,490
  167,792
   
Year ending 31 March 2009 316,070
  283,867
  237,829
  231,578
  223,056
  213,251
  201,400
  197,480
  196,904
  195,463
  192,004
  190,196
  189,947
  184,544
  184,309
  178,819
  177,631
  176,868
  171,737
  170,907
   
Year ending 31 March 2010 337,854
  328,730
  280,376
  262,418
  257,430
  257,414
  240,275
  234,897
  234,316
  220,910
  212,812
  212,276
  210,791
  208,086
  201,737
  201,453
  198,891
  198,131
  195,365
  194,564
   
Year ending 31 March 2011 370,429
  300,164
  293,885
  286,159
  283,629
  276,319
  266,489
  263,137
  258,352
  246,673
  238,326
  236,680
  236,535
  234,984
  234,252
  228,033
  222,132
  216,070
  215,707
  204,205
   
Year ending 31 March 2012 400,146
  328,698
  307,634
  289,098
  287,983
  271,998
  259,600
  244,644
  243,106
  243,065
  239,808
  239,367
  233,526
  232,475
  227,821
  224,857
  221,625
  219,492
  218,601
  215,617

These figures exclude lump sum payments made as a result of members sacrificing future pension payments in favour of an additional lump sum payment.

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