SCOTTISH teachers warned yesterday that they would strike next year unless bosses stumped up a “satisfactory” pay offer.

Delegates to teaching union EIS annual conference in Perth said their patience was exhausted following the latest round of real-terms pay cuts.

Teachers agreed earlier this year to a deal granting them just 1 per cent each year for 2013-14 and 2014-15.

Scottish local authorities’ body Cosla claimed the low offer was all that was available because of central government cuts, but Glasgow’s Hugh Donnelly told delegates yesterday that enough was enough.

“There’s always money for the bankers,” he said.

“There’s always money for the vanity projects like the Olympics and the Commonwealth Games.

“There’s always money for get-rich-quick schemes like PPP and PFI.”

The nominal rises have been quickly eaten away by inflation running at more than 2 per cent.

But East Renfrewshire’s Des Morris said the coalition’s pensions grab had effectively wiped out any rise even before inflation was factored in.

Teachers have to hand over a minimum 9.5 per cent of their pay packet to keep up with pension payments — nearly double the rate of 6.4 per cent just two years ago.

And they will be expected to work longer for less — payouts have been slashed to a career-average rather than final-salary scheme, while the latest generation of teachers must stay in the classroom until they’re 68 to get their pensions.

“Is it fair that 20,000 of your fellow members can’t have the return they signed up for?

“These are stolen years and I want them back,” Mr Morris said to thunderous applause.

Delegates unanimously backed a timetable for industrial action “including strike action, in the event of a failure to secure a satisfactory wage rise by April 2015.”