What's the issue?
The issue is age discrimination in public sector pension schemes introduced in 2015. Protections meant older members of the Teachers' Pension Scheme (TPS) remained in the final salary scheme or delayed joining the career average scheme when younger members transferred into the career average scheme in April 2015. This was found to be unlawful.
Eligible members will get a choice between final salary scheme benefits or career average scheme benefits for the period 1 April 2015 to 31 March 2022. The option that produces the best results will be applied. Members will be expected to choose at the point of retirement. This is known as the 'deferred choice underpin' (DCU).