Teachers: Workplace Pensions
The question
To ask the Secretary of State for Education, what steps her Department is taking to inform members of the teachers pension scheme who are in (a) final salary and (b) career average schemes of their right to retire at 55.
Answered by Catherine McKinnell
The administrator for the Teachers’ Pension Scheme provides a new starter guide for all new members. The guide can be accessed here: https://www.teacherspensions.co.uk/-/media/documents/member/guides/new-starter-guide-2024.ashx?rev=9c420691700a46cf9d6661890f310aa3&hash=C05F7D56649239746FC32D1E56A96E62.
Page 7 of the guide explains that retirement benefits can be taken from age 55. The department is considering the impacts of the increase to Normal Minimum Pension Age from April 2028 and will communicate any resulting changes to those affected as soon as this is determined.
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