Scottish Secondary Teachers' Association

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PENSION CHANGES 2007 - ADVICE LEAFLETS

The Association has produced a series of advice leaflets regarding the proposed revision to teachers' pensions. The leaflets addresses the effects of the proposals, including specific advice for certain groups of member for whom there are particular issues. The leaflets can be found here

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PROPOSED REVISIONS TO TEACHERS'PENSIONS

The nature of these proposals is almost identical to the detail which was outlined at Congress in May, and which has been discussed and approved by Salaries and Conditions of Service Committee.
As a result, the advice of the Association is currently to recommend the proposals. Council will have the opportunity to hear a report on this on Saturday 7 October and to approve a course of action. You will hear further details of this after Council has met.During coming months, there will be a variety of initiatives by the Association to alert members to the impact of the proposed changes, and I will contact you soon with regard to these.
Further advice as regards the effects of the proposals will follow in due course, including specific advice for certain groups of member for whom there are particular issues to address.
For the moment, encouraging responses to the formal Consultation is the priority. The Consultation and the response form can be found on the SPPA website www.sppa.gov.uk/pension_reform/teachers.htm. The closing date for responses is the 5th
January 2007.
A summary of the proposals can viewed here.
4 October 2006

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PENSION UPDATE - 26 OCTOBER 2005The General Secretary today issued a letter to members regarding the considerable progress that has been made on the future of teachers' pensions following recent talks in London.You can view the General Secretary's letter and the "Framework Principles" here.The Association will be asked to ratify the principles on 8 November in London. Our Salaries Committee will meet on 4 November to determine our stance.Your opportunity to express your views about this is now. You can express your thoughts by e-mail to pensionsforum@ssta.org.uk anytime from now until 10.00 am on Friday 4 November. All views will be considered by our Salaries Committee at its meeting on that date. Please take this opportunity to respond now.

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KEY POINTS

• Government proposal to raise minimum pension age from 60 to 65.
• From 2006 all new entrants would be on the 65 retirement age.
• For teachers currently in service under age 50 (today) each year worked from 2013 will only “pay out” at age 65. Years already worked by 2013 will still be payable at 60.
4 examples.
Teacher A - Age 50 (2003)

Service to 2003 =	25 years
Further service to 2013 =	10 years
=	35 years

In 2013 (age 60) pension = 35/80 (100% of pension)
Teacher B - Age 40 (2003)

Service to 2003 =	15 years
Further service to 2013 =	10 years
=	25 years

Further service to retirement = 10 yearsIn 2023 (age 60) pension = 25/80 (71% of pension)
Remaining 10/80 not payable until 2028 (29% of pension)
Teacher C - Age 30 (2003)

Service to 2003 =	5 years
Further service to 2013 =	10 years
=	15 years

Further service to retirement = 20 yearsIn 2033 (age 60) pension = 15/80 (42% of pension)
Remaining 20/80 not payable until 2038 (57% of pension)
Teacher D - Age 25 (2003)

Service to 2003 =	Nil years
Further service to 2013 =	10 years
=	10 years

Further service to retirement = 35 yearsIn 2038 (age 60) pension = 10/80 (29% of pension)
Remaining 25/80 not payable until 2043 (71% of pension)
Teacher E - Age 25 (2006)
All pension not payable until Age 65 (2046) (100% of pension)Will adversely affect

• Teachers	– more illness
	– more deaths

• Their families	– loss of income

	– loss of a teacher
• Pupils	– Effect on quality?

Leave pension age at 60