Transitioning from the Teacher Pension Scheme (TPS)

Introduction

Over the past 10 years, the cost of continued defined benefit pension provision has become unsustainable for many organisations, and the education sector is not immune to these pressures.

This webinar is essential learning for any individuals involved in a management role within a school who is considering a TPS exit and their advisors.

It will provide a summary of the key legal steps involved in delivering a TPS exit, as well as practical advice and experience around managing the school stakeholders to deliver a smooth transition.

What You Will Learn

This live broadcast will cover the following:

• Why are so many schools considering a TPS exit?
• Formulating the business case for a change - the experience of schools in the independent sector
• The pensions consultation regime - complying with the rules and avoiding pitfalls
• Managing pensions consultation effectively - best practice when dealing with TPS members and the unions
• Softening the blow - options for future service pension benefits
• Implementation of the change from an employment law perspective, including amending your staff’s employment terms and complying with the collective employment consultation rules

This webinar was recorded on 20th July 2022