Higher Education: Pensions

Department for Education written question – answered on 8th August 2019.

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Photo of Stephen Morgan Stephen Morgan Shadow Minister for Local Government (Communities)

To ask the Secretary of State for Education, what assessment he has made of the effect on jobs of the decision not to support higher education institutions with increased pension costs (a) at Portsmouth University and (b) in the UK.

Photo of Jo Johnson Jo Johnson Minister of State (Department for Education) (Universities and Science) (Joint with the Department for Business, Energy and Industrial Strategy), The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Department for Business, Energy and Industrial Strategy) (Jointly with the Department for Education)

Holding answer received on 25 July 2019

In April 2019, the department published its response following the public consultation on funding increases to teachers’ pensions employer contributions for all Teacher Pension Scheme employers in England. All representations made by stakeholders, including the concerns raised by the University of Portsmouth, were considered, alongside all evidence relevant to the issues involved. This included the impact on redundancies, recruitment and retention. Details of this analysis can be found in figure 5 on page 14 of the government response, which can be found here: https://www.gov.uk/government/consultations/funding-increases-to-teachers-pensions-employer-contributions.

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