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Osborne's nasty surprise: schools facing major hike in pensions costs, budget small print reveals

Discussion in 'Education news' started by FrankWolley, Mar 17, 2016.

  1. FrankWolley

    FrankWolley Star commenter

    Not good news....

    Analysis by the Association of Colleges reveals this could cause schools’ and colleges’ employer contributions to rise from their current level of 16.48 per cent to 18 per cent in 2019.

    This would cost the average secondary school about £50,000 extra per year and the average primary school about £11,000 extra per year, the analysis finds
    .

    https://www.tes.com/news/school-new...rise-schools-facing-major-hike-pensions-costs

    Will lead to lower/no pay increases, or even pay cuts...
     
  2. Yoda-

    Yoda- Lead commenter

    Extra pension contributions for schools is effectively a funding cut.
    This on top of Education funding not being index linked ( a continuing cut annually in real terms).

    No headlines, George Osborne cuts Education funding again. Clever he is. Don't forget he had a grand Education. £30 000+++++pa.

    images-1.jpg
     
  3. applecrumblebumble

    applecrumblebumble Lead commenter

    Probably having to be done to pay for all those early pensions (ARB) they are paying out.
     

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