The pension section helps you understand the Teachers’ Pension Scheme (TPS) – whether you’re still in the final salary section or were transferred to the career average section in April 2015. Teachers employed directly by academies, sixth form colleges and in local authority maintained schools join automatically. The section also contains information on the Local Government Pension Scheme and state pensions.
The NUT’s firm advice is that teachers should be in the TPS to secure a comfortable retirement. Joining and staying in a good pension scheme is the most important step in securing your financial future. Don’t opt out!