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The staffroom

Whether you're a permanent teacher, supply teacher or student teacher, you'll find others in the same situation on our Staffroom forum.

TPS or LGPS

3 replies

mineisacuppa · 13/10/2024 17:29

I have seen a job advertised that has the pension scheme defined as the LGPS. Is this a typo or can teachers join the LGPS? What is the difference between the 2? I sssume that the TPS is more advantageous for the teacher?

OP posts:
Hihosilver123 · 13/10/2024 20:26

LGPS is the local government scheme. Teachers can be in that if, for example, they work for the local authority. TPS is a much better pension.

Iamnotthe1 · 16/10/2024 06:45

Hihosilver123 · 13/10/2024 20:26

LGPS is the local government scheme. Teachers can be in that if, for example, they work for the local authority. TPS is a much better pension.

Is it?
My brother has a local government pension and both contributes a lower percentage of his wage and accrues a higher fraction contribution per year than I do in the teacher pension scheme. He's literally paying in less but will take more out.

NotAnFA · 18/10/2024 10:01

The LGPS is the better of the two but only if the salaries are comparable.
It is cheaper (around 2-3% less) to pay into and gives a better accrual rate 1/49th compared to 1/57th.
(A salary of £49,000 will add £1000 to the pension under the LGPS whereas you would need to be earning £57,000 in the TPS to get the same amount added to the pension)

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