The idea of going out of the teachers pension is knives out moment. The teachers pension is actually pretty decent. I'm ok with paying quite a lot into it due to my experiences with my dad's and my aunts.
It'll happen. Most private schools are pulling out. More teachers available for the state sector. Less competitive packages in the Private Schools. Not a bad thing from a distance. Sucks when it's my pension though. That said I have fuck all in the TPS anyway, so I'm screwed regardless.
It'll happen. Most private schools are pulling out. More teachers available for the state sector. Less competitive packages in the Private Schools. Not a bad thing from a distance. Sucks when it's my pension though. That said I have fuck all in the TPS anyway, so I'm screwed regardless.
You can easily transfer it, or get the money back if you paid in for less than two years (I think - it might be three because it depends on when you paid in). I recently applied for and got my payments back (within a week!) and it worked out pretty well because they'd applied interest at rates far better than I'd have got in a bank.
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