Pensions clarity

October 8, 2004

Your article "DFES reveals pensions plan" (September 24) is inaccurate.

It is completely wrong to say that the "statutory retirement age" for teachers and lecturers is being raised to 65. There is no "statutory retirement age" and we have no intention to introduce one.

Our proposals state that the normal pension age for new members will rise to 65. The pension age is the age at which scheme members are able to draw unreduced pension benefits. Teachers and lecturers will still be able to retire at, before or after 60 - as they do now.

At retirement, pension and lump-sum benefits will take account of the number of years of service the teacher has worked before and after the changes were introduced, which will be 2006 for new entrants and 2013 for existing members.

David Miliband
Minister of State for School Standards

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns