ISC statement: Changes to the Teachers' Pension Scheme
The ISC has issued a statement in response to the upcoming changes to the Teachers' Pension Scheme (TPS).
Julie Robinson, general secretary of the Independent Schools Council, said: “The proposed 43 per cent increase to employer pension contributions stands to damage the education sector as a whole. An increase on this scale would make the TPS unaffordable for many schools, colleges and universities - regardless of sector - harming already-strained budgets and ultimately diverting money away from the education of children and students across the country.
“Like all responsible employers when faced with sudden unexpected cost increases, school leaders and governing bodies of schools in membership of ISC associations will of course be considering the various options available to them. Schools take issues around affordability very seriously and are acutely aware of the sacrifices families make when choosing an independent education.”