Changes from 01 April 2021 to salary bands for contribution rates for members of the NI Teachers’ Pension Scheme (NITPS)

CHANGES FROM 01 APRIL 2021 TO SALARY BANDS FOR CONTRIBUTION RATES FOR MEMBERS OF THE NI TEACHERS’ PENSION SCHEME (NITPS)

AUDIENCE:  

• Principals and Boards of Governors of all Grant-aided schools
• Education Authority
• Council for Catholic Maintained Schools
• Institutes of Further Education
• Other interested bodies
• Members of NITPS
• Comhairle na Gaelscolaoichta
• Northern Ireland Council for Integrated Education
• Governing Bodies Association
• Teachers Unions

SUMMARY OF CONTENTS:

This Circular updates information about the salary bands for contribution rates for members of the NITPS.

ENQUIRIES:

Any enquiries about the contents of this circular should be addressed to:

Pensions’ Policy

Teachers’ Pay & Pensions Team  

Department of Education

Waterside House

75 Duke Street 

Gobnascale

Londonderry  BT47 6FP

Email: 

pensionspolicy@education-ni.gov.uk

This circular sets out changes from 01 April 2021 to salary bands for contribution rates for members.

• On 01 April 2021, the salary bands applicable to member contributions for the NITPS will change in line with an increase in the Consumer Price Index (CPI).
• The appropriate percentage increase to salary bands from 01 April 2021 is the same percentage as the percentage increase in CPI in the year to September 2020.
• CPI rose by 0.5% in the year to September 2020, therefore, the salary bands for contribution rates for members will increase by 0.5% with effect from 01 April 2021.

These arrangements apply to all members i.e. both those who remain in final salary arrangements and those in career average arrangements.

Member tiered contribution rates for the NITPS from 01 April 2021 are shown below with the previous rates for comparison:

*contributions are based on a member’s annual salary rate (actual earnings)