Question to the Department for Education:
To ask the Secretary of State for Education, what steps her Department is taking alongside the Teachers' Pension Scheme to ensure retired teachers (a) receive their pensions in a timely manner and (b) are informed of the timeline for this.
As part of the Transitional Protection (McCloud) remedy, affected members of the Teachers’ Pension Scheme (TPS) have the option to choose either final salary or career average benefits for the remedy period (April 2015 to March 2022). Members who had not taken TPS benefits before the remedy took effect on 1 October 2023 make that choice immediately before retirement. As calculations of the options are complex, TPS members are advised to apply six months before their intended retirement date to ensure there is sufficient time to receive and respond to their Remediable Service Statement which will set out that choice.
The need to apply six months in advance is clearly set out on the Teachers’ Pensions website and in related member guidance, which can be found here: www.teacherspensions.co.uk/members/planning-retirement/how-to-apply.aspx.