Question to the Department for Education:
To ask His Majesty's Government how much was paid to retired teachers in pension payments in 2024; and what estimate they have made of the total pension payments to retired teachers in (1) 2040, and (2) 2050.
A total of £2.921 billion was paid by members into the Teachers’ Pension Scheme in the 2024/25 financial year, and £8.866 billion was paid by employers over the same period.
In the 2024/25 financial year, £10.253 billion was paid to retired members of the Teachers’ Pension Scheme.
The Teachers’ Pension Scheme does not produce long‑term forecasts beyond its normal planning horizon. Estimates for 2040 and 2050 are therefore not available.