You may be entitled to Pension Benefit under the teachers’ scheme if you:
are currently employed as a teacher
are on the Department of Education payroll
have reached the minimum age, which is currently 60 or 65 depending on your time of entry
How to join the pension scheme
In general, if you are on the Department of Education payroll, you will be a member of the teachers’ pension scheme.
How pension benefits are calculated
In general, pension and lump sum payments are determined by:
total pensionable service (subject to a maximum of 40 years)
pensionable remuneration (salary) on the last day of service
What benefits may apply
Retirement pension and lump sum.
When you can receive your pension
If you are a new entrant – 65 years of age.
If you are not a new entrant – 60 years of age or 55 years of age, provided that you have at least 35 years actual pensionable service.
A 3-month minimum notice period applies in the case of a teacher. While the minimum notice period is 3 calendar months, school management should seek the co-operation of staff in giving the earliest possible notice of their intention to retire in order to facilitate resource planning and timetabling. A failure to comply with the 3-month minimum notice period may result in the delay in the payment of retirement benefits.