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No pension at all?!

Discussion in 'Independent' started by Purdster, Mar 14, 2019.

  1. Abitofeverything

    Abitofeverything New commenter

    I have an interview at a local private school but I've heard from a friend who works there that they've recently announce they are not going to be paying ANY pension contributions at all in future.
    Is this normal or indeed legal?
     
  2. Hil2009

    Hil2009 New commenter

    Very unlikely if they want any staff! Like many independent schools I expect they are looking at what their provision will be as most are expected to come out of the TPS.
     
    jodom1 likes this.
  3. caterpillartobutterfly

    caterpillartobutterfly Star commenter

    They will possibly not be paying into the TPS, but all employers must offer a pension scheme to all employees.
     
  4. sci

    sci New commenter

    caterpillartobutterfly is correct- all employers must offer a pension scheme. Any changes to the current scheme need to be agreed with staff as it amounts to a change in pay and conditions.
    If independents want to attract any staff then this issue needs to be sorted only state schools will be left in the scheme. It seems the vast majority of schools are opting out of the TPS potentially leaving a big hole in that scheme and damaging it in the process.
     
  5. caterpillartobutterfly

    caterpillartobutterfly Star commenter

    Do you have evidence that the vast majority of schools are opting out?
    We are still at the consultation stage.
     
  6. Rott Weiler

    Rott Weiler Star commenter Forum guide

    I assume you mean the "vast majority" of private schools - state schools cannot opt out of TPS. And it won't leave any hole. TPS is an Unfunded scheme, pensions and other benefits are paid for out of general taxation, not an underlying investment fund.
     
    needabreak and annascience2012 like this.
  7. num3bers

    num3bers Occasional commenter

    The consultation at my school was that we were told and that was it.
     
    annascience2012 likes this.
  8. caterpillartobutterfly

    caterpillartobutterfly Star commenter

    At least they were honest enough not to pretend!
     
  9. davidmu

    davidmu Occasional commenter

    My evidence is quite the opposite. The daughter teaches in one Independent and the s-I-l in another and both have stated that they will remain in the TPS.
     

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