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Latest News

Contribution Rate Increase – Teachers' Employers

Thursday, 27 August 2015 14:54

As of 1st September Teachers' employers will be required to pay a contribution rate of 17.2% on pensionable earnings. As detailed in circular 2015/3 (February 2015), this new rate will apply until 31st March 2019 before being revised in line with the outcome of the next scheme valuation.

 

Employer eBulletin - New Telephone System

Friday, 07 August 2015 07:33

SPPA recently introduced a new telephone operating system for distributing calls within the Agency. This eBulletin contains information regarding the new system. Read More
 

Pensions Ombudsman Decision - Milne vs. GAD

Thursday, 23 July 2015 12:57

The Scottish Government is aware that former fire-fighters and police officers who retired between December 2001 and late 2006 may be affected by the pensions Ombudsman's findings in Milne vs. the Government Actuary's Department. Read More

 

Employer eBulletin

Tuesday, 21 April 2015 10:38

Please see below the first and second issues of the SPPA Employer eBulletin.

Read more: Employer eBulletin

 

Employing Authority Resource Accounts (Disclosure of Salary and Pension Information at 31 March 2015)

Monday, 13 April 2015 13:29

The calculator has been updated for 2014/15 to incorporate the single total remuneration figure that is required on the remuneration report. The calculation takes account of inflation at the rate of 1.2%, which is the CPI increase for September 2014, and the same figure that will be used to increase pensions under the pension increase legislation in April 2015.

Read more: Employing Authority Resource Accounts (Disclosure of Salary and Pension Information at 31 March 2015)

 

Pension Freedom 6th April 2015

Friday, 10 April 2015 12:44

There has recently been a lot of publicity surrounding the changes to pension rules from 6th April 2015. This date has been referred to as 'pension freedom day'  and  introduced new rules, such as enabling some pension scheme members to take all or part of their pension pot as a lump sum from age 55. 

Please be aware these changes do not apply to unfunded public sector schemes which include the NHS, Teachers, Fire and Police pension schemes in Scotland.  However, these schemes still allow certain members to claim their pension from age 50 or 55 and also commute (give up) an amount of pension to increase the lump sum, but this is subject to a number of conditions, including date of entry to the scheme.         

 

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