Check your pension records
The NEU receives many reports of pension records being incorrect. The growing fragmentation of the school system means a growing number of small employers, and more changes of employer for teachers over their careers. These are perfect conditions for mistakes to be made.
Members should sign up with the Teachers’ Pension Scheme’s ‘MyPensionOnline’ service to check that their pension is correct. Teachers can register and will need their national insurance number and an email address.
All members should check their salary details and that their contract and days out of service are correct. It is much simpler to deal with errors as they arise rather than shortly before retirement. It is therefore important to keep payslips and other salary records (like P60s).
The NEU recommends that you check your pension records and pension data at least once a term. You should raise any issues with your pension records immediately with Teachers’ Pensions.
NEU Pensions website material
Pension materials can be found in the pensions part of the NEU website. This section includes news, briefing materials and PowerPoints intended for use by reps and district officials.
Teachers’ Pension increase from April 2026
The 2026 increase for TPS pensions in payment from April 2026 is expected to be 3.8 per cent, in line with the September 2025 increase in the Consumer Prices Index.
Indexation of career average rights April 2026
All serving teachers are in the career average section of the Teachers’ Pension Scheme. They build up 1/57 of their pensionable earnings as pensions each year. These pension rights are then increased each year until retirement at CPI inflation + 1.6 per cent for teachers who stay in teaching.
The April 2026 increase will be based on the CPI figure from September 2025 - which is 3.8 per cent. The NEU is awaiting confirmation from the Treasury but is therefore expecting an indexation figure of 5.4 per cent to be used in April 2026. The indexation for teachers who have left teaching (and who do not return for a minimum period within 5 years) is CPI only – so a 3.8 per cent increase in April 2026. The 3.8 per cent increase also applies to deferred pension rights in the final salary scheme.
State pension increase April 2026
The basic State pension is usually indexed to the higher of CPI inflation, average earnings increases or 2.5 per cent – known as the ‘triple lock’. This has operated since 2010 (with the exception of 2022/23). The NEU believes the triple lock should be maintained.
The increase in the basic State pension for those who reached state pension age before April 2016 will be 4.8 per cent in line with the increase in average earnings. Therefore, the maximum basic State pension will increase to £184.90 a week from April 2026. Increases in the state additional pension under the old state pension system are linked to the CPI increase, so this will increase by 3.8 per cent.
Pensioners on the single-tier state pension who have reached the state pension age since April 2016 will also get a 4.8 per cent increase. The maximum weekly payment will increase to £241.30 a week in April 2026.
Increase in state pension age
The state pension age for men and women is currently 66. The state pension age is increasing from April 2026. The Pensions Act 2014 brought forward the timetable for increasing the state pension age from 66 to 67. This will now occur between 2026 and 2028 for men and women according to the following timetable:
| Date of Birth | Date State Pension Age reached |
| 6 April 1960 – 5 May 1960 | 66 Years 1 Month |
| 6 May 1960 – 5 June 1960 | 66 Years 2 Months |
| 6 June 1960 – 5 July 1960 | 66 Years 3 Months |
| 6 July 1960 – 5 August 1960 | 66 Years 4 Months |
| 6 August 1960 – 5 September 1960 | 66 Years 5 Months |
| 6 September 1960 – 5 October 1960 | 66 Years 6 Months |
| 6 October 1960 – 5 November 1960 | 66 Years 7 Months |
| 6 November 1960 – 5 December 1960 | 66 Years 8 Months |
| 6 December 1960 – 5 January 1961 | 66 Years 9 Months |
| 6 January 1961 – 5 February 1961 | 66 Years 10 Months |
| 6 February 1961 – 5 March 1961 | 66 Years 11 Months |
| 6 March 1961 – 5 April 1977 | Your 67th birthday |
From April 2028, the state pension age will be 67, with the current legislative timetable for the increase to 68 being between 2044 and 2046. Members can check their state pension age.
Increase in the minimum age at which private pension rights can be accessed.
The ‘normal minimum pension age’ (the minimum age at which private pension rights can be taken) is set to increase from 55 to 57 from 6 April 2028. This is an over-riding legislative change from the Government intended to link the age at which people can take private pension rights to the state pension age (which will be 67 from 6 April 2028 under current legislation).
However, there are exceptions which allow some groups to keep a ‘protected pension age’ at 55. It has been confirmed that TPS members with service in the final salary and/or career average scheme up to 3 November 2021 will retain the right to take Early (actuarially adjusted) Retirement or Phased Retirement from age 55. Members who joined the career average scheme for the first time after 3 November 2021 will have a Normal Minimum Pension Age of 57.
Teachers’ Pension Scheme Age Discrimination Cases (McCloud) - summary
Transitional protections meant older members of the TPS remained in the Final Salary Scheme or delayed joining the Career Average Revalued Earnings (CARE) scheme whereas younger members were immediately transferred into the CARE Scheme as soon as it was implemented in April 2015. The Courts determined in the ‘McCloud’ judgement that this was discriminatory against younger members and ordered the government to rectify the situation.
Eligible scheme members will choose between final salary or career average scheme benefits for the period 2015 to 2022 when they take benefits from the scheme – effectively getting the better of the two schemes. The choice will for most people be made at the point of retirement. Members can find out whether they are affected through a handy decision tree on the Teachers’ Pension Scheme website.
Members who have taken retirement benefits before 1 October 2023 will be provided with their choice as soon as practicable. There is nothing which members can do proactively to speed the process up. If you are affected, you will be contacted in due course.
Compensation arrangements for members in the Local Government Pension Scheme will be slightly different. All LGPS members joined the career average scheme in 2014, but some older members had the benefit of a final salary ‘underpin’ meaning they would not get less than they would have received if they’d stayed in the previous final salary scheme. This underpin will now be extended to all members until 31 March 2022.
McCloud – Remediable Service Statements
Retired members and others who have taken benefits from the TPS either have, or should shortly be able to choose final salary or career average benefits for the April 2015 to March 2022 period.
The Public Service Pensions and Judicial Offices Act 2022 provided that members should receive a ‘Remediable Service Statement’ (RSS). The RSS includes details of remedy period benefits calculated under final salary and career average rules to allow members to make an informed choice. Due to the additional complexity of the remedy when technical and legal issues arose, far fewer RSSs could be automated than the public service pension schemes anticipated. The NEU’s understanding is that around half of the RSSs for retired members are still outstanding.
Eligible retired members will have 12 months from the date of issue to confirm their decision between final salary and career average benefits for the 1 April 2015 to 31 March 2022, period. If they do not make a decision, the regulations allow the scheme manager to ‘deem’ an election for career average benefits if that would have a higher monetary value otherwise, final salary benefits will be paid.
Active members must subsequently receive an RSS every year annually. Deferred members can request an RSS each year. When members apply for retirement benefits, they will receive an RSS which includes their final benefit calculations. They will have 12 months from the RSS to make a choice. If no choice is made, then the pension cannot be processed. A member can change their choice at any point before their application for retirement benefits has been processed.
Cash Equivalent Transfer Values (CETVs) and Pension Sharing Orders (PSOs)
The NEU is aware of the continuing issues with the TPS providing CETVs and PSOs. The original delay stemmed from the change in the ‘discount rate’ in 2023. This has been compounded by the McCloud remedy, which has added additional complications.
Most cases have now been processed. Some cases involving retirees who divorced before October 2023 have not been processed to date due to the lack of final guidance from HM Treasury / Government Actuary’s Department. This problem applies across the public sector and is not limited to the TPS. Teachers’ Pensions has now apparently received final guidance and is preparing to proceed.
The NEU has been highlighting the disruption and inconvenience experienced by members to the DfE and Teachers’ Pensions and has stressed (repeatedly) the importance of accurate communication. The Pensions Regulator is aware of the continuing situation but has not taken action against Teachers’ Pensions to date because the issue is cross-public sector.
