The Government introduced major reforms to the Teachers' Pension Scheme (TPS) in April 2015. Most teachers were transferred from a final salary to a career average pension. New entrants joined the career average scheme. Some older members were protected and stayed in their existing final salary schemes.
Following a ruling in an age discrimination case (known as the McCloud judgement), all teachers (including older teachers) have now been moved into the career average scheme as of 1 April 2022. Pensions in the career average scheme are dealt with under the career average scheme rules.
Eligible scheme members will choose between final salary or career average scheme benefits for the period April 2015 to March 2022 – effectively getting the better of the two schemes. The choice for most people will be made at the point of retirement.
Rights in the final salary scheme will be fully protected.
Teachers who joined on or after 1 April 2012 aren't covered and will have career average accrual from 1 April 2015.
Career average section
Current TPS pension build-up is through a career average scheme.