Seven days to pay

30th January 1998 at 00:00
Hundreds of teachers stand to lose interest on their top-up pension contributions because of delays by local authorities in handing them over to the Prudential.

The regulations governing teachers' pensions demand that additional voluntary contributions (AVCs) are paid to the pension-providers within seven days of making salary deductions, otherwise teachers could lose interest on their payments. Yet at least three local education authorities have consistently failed to meet the deadlines, according to the Prudential.

The problem came to light when teachers received new-style benefit statements from the Prudential, showing for the first time the dates on which LEAs had paid over the AVC contributions.

Some of the new unitary authorities are among the worst offenders, particularly those in Wales, says the Association of Teachers and Lecturers, and the Prudential is regularly reporting late-paying LEAs to the Department for Education and Employment.

Log-in as an existing print or digital subscriber

Forgotten your subscriber ID?


To access this content and the full TES archive, subscribe now.

View subscriber offers


Get TES online and delivered to your door – for less than the price of a coffee

Save 33% off the cover price with this great subscription offer. Every copy delivered to your door by first-class post, plus full access to TES online and the TES app for just £1.90 per week.
Subscribers also enjoy a range of fantastic offers and benefits worth over £270:

  • Discounts off TES Institute courses
  • Access over 200,000 articles in the TES online archive
  • Free Tastecard membership worth £79.99
  • Discounts with Zipcar,, Virgin Wines and other partners
Order your low-cost subscription today