By - Nards1983

Teacher pension hikes could cost schools over £140m

Teachers’ mis-sold pension compensation hikes could cost UK colleges over £142 million. Financing for the increased pension costs is expected to continue until the expiry of the current spending review. The Department of Education (DfE) has pointed out that the rise in employer contribution to the “TPS-Teachers’ Pension Scheme” could cost schools an additional £142 million between 2020 and 2021.