Contributions that colleges pay towards teachers’ pensions will rise by 5 per cent from April.
Government has committed to funding the rise for state schools and colleges for one year, with any further commitments to be decided at future spending reviews.
But private schools and universities have been left out – meaning they will have to soak up the extra costs.
Employer contributions will rise from 23.6 per cent to 28.6 per cent after a valuation to “ensure the scheme continues to meet present and future obligations”.
