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Policy paper

Teachers’ pension scheme: proposed final agreement

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

This document sets out the proposed final offer on the scheme design for the reformed Teachers’ Pension Scheme to be introduced in 2015.



The government have made it clear that this sets out their final position on scheme design, which unions have agreed to take to their executives as the outcome of negotiations on scheme design.

This is a proposed final agreement which reflects the conclusion of discussions on the final details with teacher unions since the Secretary of State made his written ministerial statement on pension reform, on 20 December 2011.


  • contribution increases
  • future increases to SPA
  • employer cost cap
  • 25 year guarantee
  • transitional protection - headline policy features
  • costing and behavioural assumptions