Protect Teachers, Defend Education - Teachers' Pensions
This page contains the resources you need to support the NUT's campaign on teachers' pensions. For full details of the campaign and the latest news, click here to go to our main campaign page.
Teachers Pension Scheme NUT Briefing
The Government wants teachers to work longer - until they are 68 or maybe even higher; pay more for their pensions - 50 per cent more than the previous contribution; and get less in retirement. This NUT briefing note sets out exactly what the Government’s pensions proposals mean for teachers. Click here to download.
Pensions loss calculator
The NUT calculator - updated to reflect the most recent Government proposals - gives you an estimate of what the Government's proposed pension changes will cost you, both between now and your retirement and after you
68 is Too Late
The Government's Pensions Bill seeks to accelerate the increase in the state pension age to 67 for teachers aged between 44 and 52. The state pension is due to reach 68 by 2046 but it could increase even further as the Bill would also introduce a compulsory state pension age review every six years. In addition the Government wants to link the date teachers can receive their teachers' pension in full to their state pension age. For many teachers this change will mean extra years at work in their 60s before they can afford to retire.
The NUT is working with PCS and Unite on the 68 is too late campaign to oppose the increase in the state pension age to 68, and the threat that the Government will move it even higher.
Go to www.68istoolate.org.uk now to sign the petition and find out more about the joint union campaign.
See the NUT press release here
Work until at least 74
An article in the Guardian on Saturday 24 March suggests that a child born today would have to work until they are 74 at the earliest for a state pension.
Technical note: Comparison of payments into and from the Teachers’ Pension Scheme
This note accompanies the NUT's calculations on payments into and from the Teachers' Pension Scheme (TPS) since its establishment in 1923.