Information and guidance on the Northern Ireland Teachers' Pension Scheme (NITPS) changes from 1 April 2015, including newsletters, factsheets, slides from the pension roadshows, Frequently Asked Questions (FAQs) and Employer Payroll Guidance.
THE NORTHERN IRELAND TEACHERS' PENSION SCHEME (NITPS) FROM 1 APRIL 2015
From 1 April 2015 the NITPS is changing from a final salary scheme to a Career Average Revalued Earnings (CARE) Scheme, and the way your pension benefits are calculated may change. If you are a deferred member and decide to return to teaching, the changes introduced to the Northern Ireland Teacher's Pension Scheme (NITPS) from 1 April 2015 could affect you.
Some members will not be affected by the changes and will remain in final salary arrangements. Others will start to have their benefits calculated using a combination of career average and final salary arrangements. A new entrant who joins the NITPS on or after the 1 April 2015 will have their benefits calculated using career average arrangements only.
The following documents are for information purposes and if there is any differences between the legislation governing this scheme and the information contained within, the legislation will apply.
More information about Retirement webinars. newsletters, factsheets, FAQ’s and more can be found HERE.