Sunday, 7 November 2010

Private teachers' pensions subsidised

Sunday 07 November 2010

Millions of pounds in taxpayers' money is being used to subsidise pensions for teachers at elite public schools such as Eton and Harrow, the government has been forced to admit.

The disclosure came today in response to a Freedom of Information request regarding independent school membership of the Teachers' Pension Scheme made by the Green Party.

Eleven named institutions, including Eton, Harrow and Cheltenham, have 1,639 members of staff in the scheme with the top 100 schools receiving an estimated £40 million in subsidy per year.

London Green Party chairman Noel Lynch said: "It's scandalous that taxpayers are unknowingly paying towards the pensions of teachers at schools like Eton and Harrow. It will come as a surprise to a lot of people that these elite, private-sector employers have access to the government's Teachers' Pension Scheme to the tune of over £40 million."

Mr Lynch said the money should be ploughed into more urgent areas such as building new local schools in deprived areas and employing more teachers.

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