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Maternity Scheme

 

Maternity, Paternity and Adoption Pooling Scheme

What do you know about The ConnectEd Partnership Maternity Paternity & Adoption Leave Pooling Scheme?

Maternity absence risk and associated Maternity cover can often be one of the biggest absence costs and it is important to understand the impact it could have on your budget; you can protect your school by joining the ConnectEd Partnership Maternity Paternity & Adoption Leave Pooling Scheme.

In general, a pooling Scheme is a Scheme to establish a particular type of common investment fund whose main characteristic is to reduce the overall cost, and, in this respect it enables schools to work together to minimise the potential cost implications of teaching and support staff. Basically the scheme provides an alternative and potentially cheaper method for insuring matters such as maternity/paternity and adoption leave.

This scheme is an in-house, self-funded, not for profit scheme, using a pooling arrangement which provides schools with full salary costs incurred when contracted staff members are absent, (As detailed in the Scheme Arrangements- Terms and Conditions) Any member school can join the scheme and basically you are sharing the risk with other member schools.

The scheme covers all FTE contracted teachers (including headteachers) and non-teaching staff employed by the school with the exception of Lunchtime Supervisory Assistants.

Bear in mind that the average age of mothers is rising and continuing to rise. At 2016 the average age was 30.4 years. A teacher on the top of the main scale (M6) costs a school approximately £9,000 and rising, plus the costs for a replacement member of staff.

This is a pooled scheme with claims paid from the premiums collected. It is therefore necessary to ensure funds are paid into the scheme promptly so that reimbursements are not delayed. 50% of schools have joined for 2 years 2018-20.

If you are considering joining a different scheme be aware of commercial insurance provider companies who may only pay a contribution towards the Occupational Maternity, Adoption and Paternity Pay costs incurred when staff members are absent, whereas the ConnectEd Partnership scheme pays full costs.

We set the premiums annually based on claims history to keep any potential partial contribution to an overspend to a minimum. An increase in the numbers of schools in the scheme means a higher fund value which in turn lowers the risk of any potential overspend by the scheme.

So as you can see there will always be winners and losers, year on year, and some schools may be contributing more than they claim whilst others claim more than their premium.

If you require any further information or have any queries, please do not hesitate to contact me.

Helen Perkins (my working days are Monday, Tuesday & Wednesdays) maternityscheme@connectedpartnership.com

Direct T: 01902 290154

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