Pensions in Wales
Links below lead to the appropriate section of the page
- The Teachers' Pension Scheme (England and Wales)
- Local Government Scheme
- State Pension Benefits
- Championing Public Sector Pensions
- Pension Consultation Responses
- Important announcement for retired members living in Cyprus
- Further Pensions Information
You are automatically entered into the Teachers' Pension Scheme (new window) if you are a teacher in eligible employment between the ages of 18 and 75. The Teachers’ Pension Scheme (TPS) is a contributory, defined benefit ‘final salary’ scheme administered by Teachers’ Pension (TP) for the DCSF. It is one of the most important and valuable benefits available to teachers.
The TPS is contracted-out of the State Second Pension (S2P) and guarantees to pay benefits which are at least as high as those the state would pay. Although you will be contracted out of S2P you will receive a Basic State Pension in addition to your teacher’s pension.
If you need general information about the Teachers' Pension Scheme, the most comprehensive source is the Teachers' Pensions website (new window).
The Coalition Government are determined to make further changes to the Teachers' Pension Scheme to be introduced in 2015.
If you need information about your State Pension Benefits (new window), including an On-line Pensions Forecast (new window) of your State Pension, the most reliable source is the Pensions Service (new window) website.
There is a whole range of help and advice on state pensions and other state benefits available in the UK on the Department for Work and Pensions (new window) website.
The Teachers' Pension Scheme represents one of the most valuable elements of the remuneration package for teachers in Wales.
Information on the value of teachers' pension benefits and arguments in defence of public sector pensions in general can be found in Championing Public Sector Pensions.
As and when necessary the Union responds to Government and other consultation exercises of particular relevance to the NASUWT and its members. There is a page containing copies of recent NASUWT Consultation Responses in the area of Pensions.
Members of the Teachers' Pension Scheme residing in Cyprus should note the announcement for retired members living in Cyprus which contains important information and advice on their pension payments.
Further advice on specific pension issues is available by clicking the appropriate link in the menus on the right hand side of this page.
Members needing further information or assistance should contact their Wales National Centre.