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 how much the Government will pay towards teachers' pensions in employer pension contributions in each of the next 10 years.

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

Contribution forecasts have only been calculated to year ending 31 March 2017. These are included in the following table and have been taken from the latest forecasts provided to the Office for Budgetary Responsibility (OBR). The OBR forecasts have been adjusted to take into account contributions received from the independent sector. These figures do not taken into account contribution changes that might occur as a result of changes to the Teachers' Pension Scheme as these are not yet known.

Year ending 31 March Employer contributions (£ billion)
2013 3.00
2014 3.03
2015 3.11
2016 3.20
2017 3.30

It has been assumed that 10% of the contributions received relate to the independent sector for each year. This is in line with current levels.

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