Teachers’ Pension Scheme: proposed changes to scheme regulations
Feedback updated 29 Mar 2022
We asked
The Department for Education published for consultation a draft statutory instrument proposing amendments to the regulations which set out the rules for the Teacher’s Pension Scheme.
You said
Nearly all respondents agreed that the draft amendments achieved the policy aims as described in the consultation document.
We did
The draft regulations now form the basis of the final regulations which were made and laid before Parliament on 18 March 2022.
Overview
A draft Statutory Instrument (SI) covering the move to the reformed Teachers’ Pension Scheme for all remaining members of the legacy scheme from 1 April 2022.
Why your views matter
This consultation concerns draft provisions proposed in the Teachers' Pension Scheme (Amendment) Regulations 2022. Views are requested to ensure that the proposed regulations achieve the stated policy aims, as described in the consultation.
What happens next
After the consultation has closed on 20 January 2022, responses will be fully considered before changes to TPS regulations are finalised. Implementation is subject to the passage of the Public Service Pension and Judicial Offices Bill although it is planned to lay regulations in March 2022, to come into force on 1 April 2022.
Subject to the outcome of the consultation, the TPS scheme administrator will write to all active members of the legacy scheme in due course. No action needs to be taken; membership would move automatically from the legacy scheme to the reformed scheme as has already been the case for all other TPS members who also have service in the legacy scheme.
Further information on this issue can be found about this on the Transitional Protection section of the Teachers' Pension Scheme website This section is regularly updated with new information.
Audiences
- Teachers
- Headteachers
Interests
- Education
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