Sun1234
In reply to an earlier post
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As I understand it, the government is "negotiating" (in quotes, because Danny Alexander's comments imply that they have already decided) to change the TPS without waiting for the latest Asset liabilty study to be completed - so they do not have the evidence they need. They are prejudging the issue, which is one of the complaints.
Another is that as the NAO says, the %cost of the GDP for the TPS is falling in line with the plans put in place in the last TPS change. The NAO then says that it needs to be agreed what is meant by "affordable". This is something that has not been done - the government have just unilaterally declared the pensions to be unaffordable.
They maybe - but the evidence is not yet complete, nor has a definition of "affordable" been come up with. Is 1.0% of the GDP affordable? 0.5%? 0.0%?
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In reply to a more recent post
The teachers' pay scale for 2010-2011 is:
PAY STRUCTURE FOR QUALIFIED TEACHERS 1/9/2010 ? 31/8/2011
(OTHER THAN LEADERSHIP GROUP MEMBERS, ASTS AND ETS)
E&W In Lon Out Lon Fringe Area
Main Pay Scale £ p.a. £ p.a. £ p.a. £ p.a.
M1 21,588 27,000 25,117 22,626
M2 23,295 28,408 26,674 24,331
M3 25,168 29,889 28,325 26,203
M4 27,104 31,446 30,080 28,146
M5 29,240 33,865 32,630 30,278
M6 31,552 36,387 35,116 32,588
Upper Pay Scale £ p.a. £ p.a. £ p.a. £ p.a.
U1 34,181 41,497 37,599 35,218
U2 35,447 43,536 38,991 36,483
U3 36,756 45,000 40,433 37,795
You have to pass increasingly stringent performance management to access U1-U3
In addition, if a teacher is not performing satisfactorily, the governors may take the decision not to award the next increment on the main pay scale.
It is not common - but it can be done.
- As you know, the TPS is unfunded. That was a decision taken (presumably)by teh governement when it was set up by the government. As a result, for DECADES the TPS surplus went back into government coffers and was spent "subsidising the taxpayer" in a sense. Sadly I have no idea how much money this was (nor what the equivalent would be today).
Yes, the TPS is now in deficit.
And it is likely that the past surplus would not make up shortfall (before you point that out) - but it would take a lot of work to calculate what would have happened if it had actually been invested (and of course, it would depend where the investments had been made). I note however that the local government scheme which was invested is still nicely in surplus.
And if one more person says that teachers can't do maths I shall scream. I am a physicist by training. Rather more numerate than most of the population.