ASTI - Ireland's main second level teachers union

Retiring before February 2012

Under the terms of the Croke Park Agreement, teachers who retire before February 29^th 2012 will have their pension and lump sum calculated on ‘pre-cut’ salary – the salary they were earning before the pay cut imposed in January 2010 (the scale that came in on 1/9/08).

On retirement, fortnightly pension payments will be subject to the cut, averaging 4%, imposed on all public service pensions in Budget 2011. The lump sum will be unaffected.

For pre-cut and post-cut salary scales click here.

The ASTI was the only union to bring its concerns regarding the February 29 retirement deadline under the Croke Park Agreement to the Department of Education and to public attention through the media. We highlighted that  mid-year retirements at the levels expected would have a detrimental effect on schools and students and called for common sense to prevail and an extension to the deadline in the case of teachers.

Despite this, it has been confirmed that there will be no change to the February 29 deadline date.

Retiring after February 2012

Those retiring after February 29, 2012 will have their pensions and lump sums calculated on the basis of post-cut salary – actual salary at retirement.

Their fortnightly pensions will not be subject to the 4% cut.

For pre-cut and post-cut salary scales click here