ASCL welcomes the opportunity to make a written response to the proposals on implementation of increases to the normal minimum pension age (NMPA).
This response relates to the Teachers’ Pension Scheme (TPS), and the Local Government Pension Scheme (LGPS) as these are the schemes to which the majority of ASCL members belong.
ASCL is concerned about the overall proposal to raise the normal minimum pension age (NMPA) to 57. The move is complex and will do little either to incentivise joining or working longer in the profession. There is scant evidence that school and college leaders would work longer whilst impacting adversely on their retirement incomes. ASCL urges a reconsideration to maintain the NMPA at its current age of 55.
Full response to consultation