Good reasons for being a member of the TPS
- You get a guaranteed pension.
- Your pension is index-linked, so it won’t be reduced by the effects of inflation.
- You may choose to receive a tax-free lump sum at retirement.
- Your employer contributes towards the cost of your benefits.
- When we work out your benefits, we add together all periods of reckonable service, before retirement.
- If you are entitled to ill-health benefits, you will get them immediately.
- We will pay lump sum benefits if you die before you retire.
- When you die, we may pay children’s and dependants’ pensions.
- You may be able to pay extra contributions for additional pension benefits.
- You may be able to transfer pension credits from another scheme into the teachers’ scheme.
- We provide a wide range of information about the scheme and have a dedicated member website.
