Teachers pensions (FOI)Teachers pensions (FOI)
Produced by the Freedom of Information officeAuthored by Government of Jersey and published on
25 July 2022.Prepared internally, no external costs.
Request
Please could you give me brief details as to:
A
The types of Pensions that the Jersey Teachers currently are contributing to, and the numbers contributing to / being paid pensions.
B
The Contributions made by the Teachers / Employer(s).
C
The different retirement ages of the pension scheme members.
Response
A
Teachers contribute to the Jersey Teachers Superannuation Fund (JTSF). Teachers employed after 1st April 2007 are members of the New Members Final Salary scheme. Teachers first employed before 31st March 2007 are members of the Existing Members Final Salary scheme.
As at 1st July 2022, there were 1,256 contributing teacher members:
| Contributing members | Percentage |
New members (Final Salary) | 784 | 62% |
Existing members (Final Salary) | 472 | 38% |
Total | 1,256 | 100% |
As at 1st July 2022, there were 1,142 former teachers or dependents receiving a pension from the scheme.
B
Employee and employer contributions are calculated as a percentage of pensionable salaries as follows:
| New Members (Final Salary)
| Existing Members (Final Salary) |
Employee contribution rate | 5% | 6% |
Employer contribution rate | 10.8% | 10.8% |
C
All teachers first employed since 1st April 2007 have a normal retirement age of 65 years.
| New Members (Final Salary)
| Existing Members (Final Salary)
|
Normal retirement age | 65 years | 60 years |
Earliest unreduced pension retirement age | 65 years* | 60 years
|
*New Members have the option to take a reduced pension from age 60.
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