A deferred member is a member of the TPS who left service before 1 January
2007 and has not yet retired.
- If a member subsequently returns to service on or after 1 January 2007, they
may come under transitional arrangements that preserve a Normal Pension Age
(NPA) of 60.
- If a member returns to service before 1 January 2008, they will retain
a NPA of 60 regardless of the length of the break in service.
- If a member returns after 1 January 2008, with more than a five year
break in service, then future service will have a NPA of 65 but previous service
will retain a NPA of 60.
- If a member returns after 1 January 2008 with a break of less than five
years, then there will be a minimum period of scheme membership that must be
undertaken after a break in pensionable service. This is to enable teachers
who have a subsequent break in service to return at a later date and retain
a NPA of 60 in respect of their future service.
- Minimum period is 30 days reckonable service or 60 days pensionable employment.
- If a member does not return to teaching before retirement:
- They will not be able to nominate a partner to receive a dependant’s
pension.
- They will not be entitled to contribute to an additional pension.
- They will continue to be eligible to apply for ill-health retirement
benefits if they develop a medical condition that permanently prevents them
from undertaking further gainful employment.
- They will receive a pension based upon 1/80th and a lump sum of 3/80th.
- Their benefits will be calculated on the best year’s salary in their
final three years of service.