Teachers asked to sacrifice pay to save their pensions

According to TES, teachers in some independent schools are being asked to sacrifice their pay in order to stay in the Teachers’ Pension Scheme.

Under a new “hybrid” arrangement, teachers are being asked to meet a 43 per cent rise in employer contributions out of their own pay packets because independent schools are struggling to balance the books.

At the Grange School near Northwich, Cheshire, teachers had threatened to go on strike after being offered the hybrid scheme, for which they were told they must make “a salary sacrifice”. But Tes has today learned that the chair of governors has written to staff stating that plans have been withdrawn. One teacher there said: “Strike averted. We have our pensions back.”

Read full article here Teachers asked to sacrifice pay to save their pensions

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