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Factors are subject to review and change over time.
The scheme actuary is in the process of providing updated scheme factors, guidance and examples as part of the current actuarial valuation cycle.
Teachers' Pensions will use the factor that’s in effect at the date of our final calculation, which may lead to differences between the final calculation and estimates and quotes if they were based on superseded factors.
As updated factors, guidance and examples are received from the scheme actuary, these will be added below.
The most recent set of scheme factors are provided in an Excel document – Latest Scheme Factors (This link opens in a new window).
When scheme factors are being updated, some factors may not reflect the latest factors in use or as below because the spreadsheet is typically updated in bulk once the whole set of scheme factors have been reviewed.
For more information on Club Transfers please visit the website below:
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