Research and analysis

2024 Valuation - Teachers’ Pension Scheme (England and Wales)

The Government Actuary's Department has completed a valuation of the Teachers’ Pension Scheme (England and Wales) as at 31 March 2024.

• From: Government Actuary's Department
• Published: 1 July 2026

Documents

Summary

PDF, 987 KB, 4 pages

Overview

PDF, 1020 KB, 9 pages

Approach

PDF, 1.13 MB, 31 pages

Data

PDF, 1.26 MB, 30 pages

Assumptions

PDF, 1.3 MB, 48 pages

Results

PDF, 1.15 MB, 33 pages

Climate Risk

PDF, 10.7 MB, 18 pages

Glossary

PDF, 1 MB, 12 pages

Details

At the request of the Secretary of State for Education, the Government Actuary’s Department carried out an actuarial valuation of the Teachers’ Pension Scheme (England and Wales) as at 31 March 2024. The valuation has been undertaken in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2023 as amended by The Public Service Pensions (Valuations and Employer Cost Cap) (Amendment) Directions 2026, which specify certain assumptions and require other assumptions to be the Secretary of State for Education’s best estimates.

See also: Public Service pensions: 2020 actuarial valuation reports.

Published 1 July 2026