Your pension is important. Please use this page as the gateway to further information by selecting from the links below....
Teachers' Pension Scheme
The Teachers' Pension Scheme (TPS) is the second largest public service scheme in the country with 1.4 million members. It is a defined benefit scheme and is open to teaching staff in maintained schools, FE colleges, a number of independent schools and certain other organisations.
To find out more about the scheme, and to download forms and leaflets, please visit the TPS website at www.teacherspensions.co.uk
Following industrial action by ATL members and others over the coalition's proposals to make teachers work longer, pay more and receive less, your union reached agreement with governmnet on a new look scheme. For details please see the ATL website.
Local Government Pension Scheme
The local governmnet pension scheme is a national scheme with some 3.5 million members. It provides salary-related, defined benefits, which are not dependent upon investment performance. As it is a statutory funded pension scheme, it is a secure pension arrangement with rules set out in legislation made under an Act of Parliament (the Superannuation Act 1972).The Scheme is administered locally for participating employers through 99 regional pension funds.
It too underwent substantial change at the beginning of 2007. For further details please see the Local Government Employers' LGPS website
After a long period of consultation, an agreement has been reached between the three negotiating unions (Unison, GMB and Unite) and the government over changes to the LGPS in England and Wales. Although not recognised for formal talks, AMiE has been keeping a close eye on the progress of the negotiations.
A new look scheme will take effect from April 2014. For more details please refer to the ATL website LGPS page.
To receive the full basic State Pension, most people need to have built up 30 qualifying years either by paying or being credited with National Insurance contributions.
More information and downloads regarding state pensions can be found at the DirectGov website.