Pension

The Trust is required by its funding agreement with the government to offer two pension schemes: the Teachers’ Pension Scheme for teaching staff and the Local Government Pension Scheme for support staff.

Both pension schemes are ‘defined benefits’ pension schemes. This means that an employee’s pension is based on their salary and how long they have paid into the scheme. A defined benefits pension offers a guaranteed income in retirement. Employees pay into the scheme through a monthly contribution taken from their salary and BET, as the employer, also contributes to the scheme.