Information for members of the Teachers' Pension Scheme

The Teachers' Pensions website contains guidance for employers and detailed information for teachers and lecturers including a facility to access an estimate of retirement benefits.

Ill-health benefits

The two-tier ill health benefit arrangements were introduced into the Teachers' Pension Scheme in 2007. As part of their introduction agreement was reached to carry out a comprehensive review of how the arrangements were working after their first year in operation, to ensure the system was proving effective and fair in practice. That review has now taken place and is detailed in the report and annexes 1, 2, 3 and 4.

Teachers' Pension Scheme (England and Wales): First-Class, Adaptable, Sustainable

Revised scheme arrangements offering greater flexibility and scope for retirement planning for both new and existing members were introduced on 1 January 2007.

What do you want to do when you leave school: A Guide to the Teachers' Pension Scheme

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Teachers' Pension Scheme (TPS): Actuarial Valuation Reports

The Department is required to review the assets and liabilities of the TPS no less than once every four years. The 2004 formal Actuarial Review, as at 31 March 2004, was published by the Government Actuary in November 2006. In the context of costs and liabilities of the scheme for the following four years, they proposed a revised standard contribution rate (SCR). Within the framework of a new cost-sharing agreement between employer and teacher representatives, members pay 6.4 per cent of their salary from 1 January 2007, with employers paying 14.1 per cent. The next scheme valuation will be the 2008 formal valuation assessment which is likely to report the following year. The Department also produces a Financial Note (currently the May 2008 version) which summarises the main findings of the report mentioned above and also provides some additional context.

Last updated: 18 November 2009