In 2015, the government introduced reforms to public service pension schemes, including the Teachers' Pension Scheme. This video is designed to help you understand these changes, what they mean for you, and how they affect your teacher's pension.

The changes moved most members from a Final Salary Pension Scheme to a Career Average Scheme. However, some members who were within 10 years of retirement were allowed to remain in the Final Salary Scheme. These members are known as protected members. This video explains the implications of these changes and who will be affected.

We also discuss the key changes being introduced to the scheme, the options available at retirement, and what you need to do next. Remember, you don't need to do anything at the moment. Legislation and regulations are expected to be in place later this year, and we'll then need time to complete the necessary administration tasks.

For more detailed information about the changes to the Teachers' Pension Scheme, additional resources, and videos, please visit our dedicated webpage: https://www.teacherspensions.co.uk/me...

We also recommend registering for My Pension Online, as it's the simplest way to keep up to date with your pension: https://www.teacherspensions.co.uk/fo...

If you found this video helpful, please give it a thumbs up, and don't forget to subscribe to our channel for more informative videos about your pension.

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