The inferior pension scheme, which would be compulsory for all new teachers, would be based on career average earnings, with increases linked to the Consumer Price Index rather than to increases in salaries.
An independent report prepared by the actuarial firm Trident pointed out serious flaws in the pension proposals:
The ASTI is considering challenging the legality of the new pension scheme on the basis that it will compel new teachers to pay more into the scheme than they will ever get out. Read more
These pension proposals are just one part of an attack on new teachers’ conditions. New teachers’ starting salaries have also been slashed by 15%, meaning we have teachers working side by side in schools on two different salary scales.
Now is our chance to take a strong stance in opposition to the proposed pension reform and in favour of protecting the teaching profession.
In advance of the General Election, the teacher unions contacted the main political parties to seek a commitment that, if in government, they would revisit the new public service single scheme and listen to the unions’ legitimate concerns.
The teacher unions recently met with the Minister for Public expenditure and Reform to discuss the issue.
Get involved
We need to ensure that the new Government knows the ASTI’s 18,000 members are strongly resistant to the new pension scheme. Play your part by informing yourself and by getting involved in the ASTI campaign to protect teachers’ pensions.
Campaign meetings
A series of joint union meetings have taken place around the country. Members were given accurate information about the current public service pension and updated about the seriously disapproved pension terms that are threatened for new entrants. Make sure your friends and family are fully and factually informed and look out other ways you can get involved in the campaign on the ASTI website.
Check this page regularly for updates on the campaign to protect teachers’ pensions.