The Post-2015 Teachers’ Pension Scheme
The Post-2015 Teachers’ Pension Scheme

The following Pensions guidance note provides comprehensive and up to date legal information covering:

  • The Post-2015 Teachers’ Pension Scheme
  • What is the Teachers’ Pension Scheme?
  • Statutory framework
  • Funding
  • Administration
  • Governance
  • Eligibility and membership
  • Impact of Brexit
  • Transitional provisions—special categories of members from 1 April 2015
  • Contributions
  • more

What is the Teachers’ Pension Scheme?

The Teachers’ Pension Scheme (TPS) is a statutory, public service pension scheme for members of the teaching profession in England and Wales.

Since 1 April 2015, there are two separate TPS schemes:

  1. the post-2015 TPS (sometimes referred to in TPS literature as the ‘2015 Scheme’), which was established under the Public Service Pensions Act 2013 (PSPA 2013) on 1 April 2015 as a career average revalued earnings (CARE) scheme. This scheme is the subject of this Practice Note

  2. the pre-2015 TPS, which was established by the Superannuation Act 1972 (SA 1972) as a final salary scheme for members who joined before 1 April 2015. For more information, see Practice Note: The Pre-2015 Teachers’ Pension Scheme

At the same time as the post-2015 TPS opened, the pre-2015 TPS closed. However, transitional provisions were adopted which allowed certain ‘protected’ members, dependant on their age, to remain in the pre-2015 TPS until retirement rather than join the less generous post-2015 TPS. Qualifying members included those who were within ten years of their normal pension age (NPA) as at 1 April 2012. However, members who were more than 13.5 years from NPA on 1 April 2012, or who became members on or after 1 April 2015, received no transitional protection, thus joining the post-2015 TPS. It is significant that similar transitional provisions have been