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.

At the start of 2007 the TPS underwent major change. From 1 January 2007 new joiners to the pension scheme had a normal pension age (NPA) of 65. However, all TPS members who joined before that date kept their NPA of 60.

To find out more about the scheme, and to download forms and leaflets, please visit the TPS website at www.teacherspensions.co.uk

 

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 Governmnent Employers' LGPS website

 

State Pension

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 contrinutions.

More information and downloads regarding state pensions can be found at the DirectGov website.

 

Other Pensions Issues

Pensions Campaign: Public Service Pensions are under threat. Please see our Pension Campaign for more information.

Tax Changes: The amount of Pensions Savings on which you can receive tax relief changes in April 2011. To find out more please download our briefing.