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Teacher Pensions are so slow for new retirees..

Discussion in 'Personal' started by Rednorfolk, Aug 13, 2019.

  1. Rednorfolk

    Rednorfolk New commenter

    I a due like thousands of others to retire from teachers on 31st August (three weeks !) and yet I have no idea of what pension I will actually get, I have been told that I might not even get the breakdown until that day !!. How on earth are you going to plan for the future. All the so called "calculators" on the site are useless, as they don't cater for breaks of service and working abroad and employed by private academies Anyone else in the same boat ?
  2. emerald52

    emerald52 Star commenter

    Post on the Retirement Forum for a targeted audience.
    border_walker and cissy3 like this.
  3. Sundaytrekker

    Sundaytrekker Star commenter

    There are so many retirees in August that it is always close to the wire.ive never heard anyone not receiving the breakdown although some, like mine, get readjusted slightly when the full information is available.
    border_walker and cissy3 like this.
  4. smoothnewt

    smoothnewt Star commenter

    TPS will have provided a forecast online for you, based on your record of contributions made since you started teaching. Have you checked this in detail for any errors or omissions? If the contributions record is accurate, the pension forecast is likely to be what you get, pretty much.
    cissy3 likes this.
  5. Aquamarina1234

    Aquamarina1234 Star commenter

    LA made a total balls of mine. Took months to sort out; their error. Hope you kept all your payslips and P60s from the year dot.
  6. Rednorfolk

    Rednorfolk New commenter

  7. Rednorfolk

    Rednorfolk New commenter

    i have not received any forecast or anything in writing. Now school has finished I am now able to sit by the phone for an hour or so before someone answers only to tell me they are working hard on it.
  8. emerald52

    emerald52 Star commenter

    They track it online so you can go in the website as long as you have signed up.
    border_walker, smoothnewt and cissy3 like this.
  9. cissy3

    cissy3 Star commenter

    MAGAorMIGA, smoothnewt and emerald52 like this.
  10. smoothnewt

    smoothnewt Star commenter

    You really need to do this. Sign up and check out your employment/contributions record and pension forecast.
    border_walker and emerald52 like this.
  11. MAGAorMIGA

    MAGAorMIGA Star commenter

    I would echo smoothnewt's advice - and don't take it for granted that they are bound to have it right. When I first registered at teacherspensions website I was disappointed with my pension projection - until I noticed that they'd "lost" a whole year (2000-01) from my reckonable service!
    emerald52 likes this.
  12. BelleDuJour

    BelleDuJour Star commenter

    They will let you know. They say not to worry if you don't hear anything until right up to the last minute.
    Marshall likes this.
  13. Wotton

    Wotton Lead commenter

    I checked mine online and noticed some were missing not TP's fault but the LA so contacted them and it was sorted the same day.
    MAGAorMIGA, BelleDuJour and Marshall like this.
  14. Marshall

    Marshall Star commenter

    I use the TP online service and have spoken a few times to them on the phone and they are brilliant!

    The problem with me now is the local authority - no response to TP after 5 weeks and I've chased them.
    BelleDuJour likes this.

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