Hi - I am wondering if there is anyone with any words of wisdom for me? I am planning on taking early retirement in 5 years and have been trying to work out what my pension is likely to be - just seems to be a mathematical nightmare. I am a transitional member, and by far the bulk of my pension is in the old '80th scheme'. What is concerning me is that when I look back through my online statements the value of this has fallen from last year, and I am sure will keep falling for the next 5 years - both the annual pension and the lump sum. It is only by £50 on the annual and £200 off the lump sum or so from last year, but I think this is going to be an ongoing downward trend. This is because of the uplift for inflation I believe - my best 3 years in 10 best years are gradually slipping off the calculation (if that makes sense). I was wondering is if is possible or advisable to opt out the TP now in order to protect the best 3 years in 10 at the highest possible rate. I am not all all optimistic of any pay rise in my remaining 5 years, and in fact I may leave teaching during that time anyway. The benefits I am building up under the new scheme do not seem to be accruing all that quickly, and besides which if I do take my pension at 55 I will lose pretty much half of this portion anyway! Does anyone have any insight into the pitfalls or advantages of opting out - I realise that the death in service benefits would be lost, but is there any other problem that I have missed. I don't want to make a huge mistake and regret it and I know that advice generally is that even in the new format the TPS is one of the best pensions out there. Are I panicing over nothing or taking too big a risk for the sake of not a great annual loss in my pension years?