Teachers Pension - Retiring with pending pay award

Rheumatoid

Hi,

If I retire whilst unions and mgt are squabbling over the current pay award is it just tough luck and my pension is calculated on my salary as it is now or is there some mechanism by which the pay award can be taken into consideration retrospectively?

Thanks

R.

AnotherJoe

As a layman I'd say if the pay award is retrospective you might be in with a chance otherwise not.

Suffolk_lass

As a teacher your pension is not based on your "today" salary. It should be calculated on the best annual salary in your last three years (or career average in the future) - if that is your final year working and you are going from 1st September (so you get paid salary for the summer holidays!) you can look at your pay slips from end of Sept to the end of August this year to determine your best salary (unless you did a spell in the last three years covering for a senior colleague, or gave up a pensionable allowance such as head of A level for your subject). In this example you would already have notified TPS and your school will have confirmed.

If there is then a pay increase, backdated to May (example) your school bursar should contact the teachers pension people and update the salary for the last four months (using my example above). If you are concerned, speak to the Bursar to make sure they don''t forget your back pay and remind them they will need to update the TPS.