Answer:

To qualify for retirement benefits under the Teachers' Pensions Regulations you'll need a total of:

• Two years' pensionable service if you were in pensionable employment on 6 April 1988,


• Two years' service after 5 April 1988


• Five years of pensionable employment at any time.

To determine whether you're eligible for Age benefits you need to know what your Normal Pension Age (NPA) is. There are two Normal Pension Ages in the final salary scheme - 60 and 65.

Your NPA for your career average benefits is either your state pension age or age 65, whichever is the later date.

Answer:

All active members were placed in the career average scheme from 1 April 2022. The final salary link for members with prior service in the final salary scheme was retained.

Answer:

No, all active members were placed in the career average scheme from 1 April 2022.

Answer:

From 1 April 2022, all active members of the Teachers' Pension Scheme who continue in service were moved into the career average scheme.

Answer:

Yes, you'll be given the opportunity to make a choice at retirement as to whether you wish to take final salary, or career average scheme benefits in respect of your service during the remedy period. It cannot be a combination of the two. This is referred to as the Deferred Choice Underpin (DCU). We'll provide information to enable you to make an informed choice based on what best suits you.

Answer:

What happens in relation to Annual Allowance will be dependent on the choices you make.

For more information on how this may affect you, we suggest you visit the Annual Allowance page.

Answer:

No. Transitional Protection was a policy that kept those closest to retirement age in the final salary schemes, when others were moved automatically to the career average scheme, and it's this policy that the court found to be discriminatory. The remedy will ensure that all affected members have access to the scheme that they consider is better for them for the period involved.

Answer:

Depending on a member's personal circumstances, many may be better off in the career average scheme so it's not fair to simply move everyone back into the final salary scheme. The government therefore wants to provide members with the option to choose between these scheme benefits for the period between 1 April 2015 and 31 March 2022.

Answer:

For those of you who built up service in the career average scheme during the remedy period, this service will instead be placed in the final salary scheme at the end of the remedy period; this known as 'rollback'. This must happen to address the discrimination and to ensure all affected members can be treated equally, in line with those older members who remained in the final salary scheme.

Answer:

What happens to any flexibilities you have taken will be dependent on the choices you need to make.

This will be in relation to elections already taken out during the remedy period and for making new elections in the career average scheme.

We'll contact you regarding your flexibilities options after 1 October 2023. However, for more information on what these may be, visit the flexibilities page on our website.