Question to the Department for Education:

To ask His Majesty's Government how much in total was paid to the Teachers' Pension Scheme by (1) teachers, and (2) employers, in (a) 2021, (b) 2022, and (c) 2023; and how much was paid to retired teachers in pension payments in each of those years.

Answered by Baroness Smith of Malvern - Minister of State (Department for Work and Pensions)

In the 2020/21 financial year, a total of £2.48 billion was paid by members into the Teachers’ Pension Scheme (TPS), and £6.15 billion was paid by employers over the same period. £9.41 billion was paid to retired members of the TPS within this financial year.

In the 2021/22 financial year, a total of £2.57 billion was paid by members into the TPS, and £6.357 billion was paid by employers over the same period. £9.563 billion was paid to retired members of the TPS within this financial year.

In the 2022/23 financial year, a total of £2.65 billion was paid by members into the TPS, and £6.58 billion was paid by employers over the same period. £9.93 billion was paid to retired members of the TPS within this financial year.

Found: No relevant interests to declare Baroness Wheatcroft No relevant interests to declare Baroness Wolf of Dulwich

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The Economic Affairs Committee is launching an inquiry into fiscal devolution in England. The inquiry will consider what form fiscal devolution might take, its distributional consequences, and what governance arrangements might be needed as more powers are devolved to local areas. The committee has issued a call for written evidence and will be taking oral evidence from May 2025.