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Revealed: Schools leaving the Teachers’ Pension Scheme

Revealed: Schools leaving the Teachers’ Pension Scheme

Nearly 150 private schools have said they will leave the scheme – is yours on the list?

4th June 2020, 5:02am

Pensions: Staff Asked To Sacrifice Pay To Remain In Teachers' Pension Scheme

Nearly 150 schools have notified the Department for Education of their plans to leave the Teachers’ Pension Scheme, Tes has learned.

The list of 149 private schools that have told the DfE they plan to leave the scheme as of 22 May was revealed through a freedom of information request from the NEU teaching union.

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Many schools have left the scheme because of the pressures of rising employer contribution costs, which increased by 43 per cent last September.

The NEU has said that it expects more schools to announce they are leaving in August and September of this year, when the financial impact of the coronavirus outbreak on independent schools will be more apparent.

As of this May, 149 schools in total have notified the DfE that they intend to leave the scheme.

While the list includes many smaller independent schools, Wetherby School in London - the Notting Hill prep that Princes William and Harry attended - is also on the list.

Here is the list in full: