Teachers’ Pension Scheme and universities

Early day motion 536, tabled 21 March 2024 by Mary Foy (Labour). Signed by 25 members.

That this House notes that employers’ contributions to the Teachers’ Pension Scheme (TPS), of which approximately 58,000 university staff are members, are soon to increase by 5% in England and Wales; further notes, with concern, that while schools and colleges will receive additional funding from the Department for Education (DfE) to cover these increased costs, higher education institutions will not; recognises that many post-1992 university employers who are part of the TPS are facing severe financial difficulties, already resulting in course closures and job cuts; believes this situation will worsen dramatically if the Government refuses to intervene, putting thousands of jobs at risk and harming the reputation of the higher education sector; and therefore strongly urges the DfE to commit to providing additional funding for universities to cover the increase in TPS contributions in order to prevent this crisis.

Signatures by party: Labour 16, Independent 3, Labour/Co-operative 2, DUP 1, Green 1, Plaid Cymru 1, Scottish National Party 1.