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Pensions in Wales


Links below lead to the appropriate section of the page



Welcome to the NASUWT's Pensions section of the website for Wales.

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.

You can opt out of the teachers’ Scheme in order to make your own pension arrangements but you should think very carefully about the valuable benefits of the Teachers’ Pension Scheme before doing so.

If you need general information about the Teachers' Pension Scheme, the most comprehensive source is the Teachers' Pensions website (new window).

Following a Review of the Scheme in 2006, agreement was reached between Government, employers and the NASUWT and other teacher unions on a number of changes to the scheme with effect from 1 January 2007, including a new benefit structure for new entrants. For details of the changes visit the Changes to the Teachers' Pensions (2007) section on this website.

The Coalition Government are determined to make further changes to the Teachers' Pension Scheme to be introduced in  2015. In March 2012, the Government announced that discussions have now concluded on details for the new Teachers' Pension Scheme from April 2015. For details of these changes visit the Teachers' Pension Scheme Reform (new window) section of the Teachers' Pensions website. 

The latest on the Coalition Government's reform of public service pensions, including the Teachers' Pension Scheme, and the NASUWT view on the changes can be found in Pensions Latest. See also the Union's commentary on the latest DfE statement on the Reform of the Teachers' Pension Scheme

Independent financial guidance prepared for NASUWT members on Adding to your Pension relates to adding to your teachers’ occupational pension benefits.

Independent financial guidance on options for those already contributing to the teachers’ additional voluntary contribution scheme is also provided in the publication Options for those currently contributing to the Prudential AVC facility: independent financial guidance.

The NASUWT also produce advice to members on Protecting your pension benefits on leaving service.

Local Government Pension Scheme

If you are a member of the Local Government Pension Scheme (new window) (LGPS) in Wales the LGPS provide details of the provisions and benefits (new window) available.

State Pension Benefits

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.

Championing Public Sector Pensions

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

The Independent Public Service Pensions Commission, Chaired by Lord Hutton, published its Final Report in March on the reform of public service pension provision. Details of the Commission and its Report can be found in the Championing Public Sector Pensions page, above, and the NASUWT has produced its its own Commentary on the Commission Report Recommendations.

Pension Consultation Responses

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.

Important announcement for retired members living in Cyprus

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 Pensions Information

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.






Pensions Latest