Changes to the NITPS From 1 April 2015
From 1 April 2015 the NITPS is changing from a final salary scheme to a Career Average Revalued Earnings (CARE) Scheme, and the way your pension benefits are calculated may change. If you are a deferred member and decide to return to teaching, the changes introduced to the Northern Ireland Teacher's Pension Scheme (NITPS) from 1 April 2015 could affect you.
Some members will not be affected by the changes and will remain in final salary arrangements. Others will start to have their benefits calculated using a combination of career average and final salary arrangements. A new entrant who joins the NITPS on or after the 1 April 2015 will have their benefits calculated using career average arrangements only.
For details of these changes and how they may affect you please download the following factsheet: