Will my benefits increase?

Final salary scheme

If you’ve benefits in the final salary scheme , these benefits are protected and will remain in final salary. They’ll be increased in line with inflation.

Career average scheme

If you’ve earned benefits in the career average scheme, they’ll continue to be index linked but at a lower rate than when you’re in service.

If you return to pensionable service after a break of less than five years, the benefits you earned before your break will be revised and index linked as though you had never been out of service. Those benefits and any future ones will continue to be index linked at the higher in-service rate, as long as you remain in service.

If you return to pensionable service after a break of more than five years, the benefits you earned before your break will continue to be index linked at the lower rate after your return to service. Any future benefits you earn will be index linked at the higher in service rate as long as you remain in service.

Benefit Statement – keeping track

You can access your Benefit Statement at any time to see the estimated value of your benefits if taken at Normal Pension Age. It’s worth reading through this to check it matches your expectations and to check that the service and salary information we hold is accurate. You’ll find your Benefit Statement in My Pension Online.

Here’s what to do if you think your salary or service information may be incorrect or incomplete:

  • Your first port of call is to identify which details you believe are incorrect and for which employment it relates.
  • From there you should contact the employer in relation to that employment, as it’s the information they provide that goes into your statement. Please note this may not be your current employer.
  • However, if you had more than one employer during the particular period of concern and you have queries, you need to get in touch with us first and we can provide further information in order to identify where the problem lies. Unlike your Benefit Statement, which aggregates continuous periods of service, we’ll give you details of your individual employers and dates of employment during the period in question. This way you can fully check your record and contact the relevant employer.
Last Updated: 31/03/2022 09:52

Forms

Ready to apply? Our forms page has everything you'll need to get started.

Forms

Calculators

Get an insight into how your pension is built and explore your options.

Calculators

Resource

Stay up to date with your teacher's pension.

Download guide