The effective date of the Teachers’ Pension Scheme (TPS) valuation is 31 March 2020.
The main purpose of this valuation is to determine the contribution rate payable by schools from April 2024. There is not enough information available at present to predict the outcome, which will depend on both economic and political factors.
In this briefing we take stock, discussing recent developments and their possible impact on the valuation. We also provide guidance on how to plan ahead.