Teachers: Workplace Pensions
Lords · Question HL13955 · Tabled 26 Jan 2026 · Department for Education · Official record
Answered 9 Feb 2026
Question
Asked by Baroness Wolf of Dulwich
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.
Answer
Answered by Baroness Smith of Malvern, 9 Feb 2026
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 ...