Teachers’ Pension Scheme. A brief guide. Scheme Changes. From 1 January 2007 the normal pension age for new members increased to 65. In return, annual pension build up improved. Members of the scheme prior to 1 January 2007 kept a normal pension age of 60.
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A brief guide
Normal pension age 60
Minimum retirement age currently 50, increases to 55 by April 2010
Ill-Health pensions not subject to minimum age requirement
Normal pension age 65
Minimum Retirement Age 55
Ill-Health pensions not subject to minimum age requirementNormal Pension Ages
£30,000 x 20/80 = £7,500 a year
£30,000 x 60/80 = £22,500
£30,000 x 20/60 = £9,000 a year
The minimum age for premature retirement is