Returning to work after receiving pension benefits
The information in this fact sheet does not apply if you have retired on grounds of ill health. If you are in receipt of ill health retirement benefits, see fact sheet ‘Ill health retirement benefits and re-employment’.
Contents:
Can I draw my teacher’s pension and work as a teacher?
Can my teaching employment count towards further retirement benefits from the NITPS.
What should I do if I return to teaching?
Can I draw my teacher’s pension and work as a teacher?
- Yes, you will remain entitled to your pension. If you have taken phased retirement or actuarially reduced benefits your pension will not be affected. If however you retired on age or premature grounds your pension may be abated
Can my teaching employment count towards further retirement benefits from the NITPS.
- No. If you have drawn down all of your accrued benefits from the NITPS any future employment will be non pensionable and will therefore not count for future retirement benefits.
- Your pension may be stopped if, in any tax year, your annual pensions plus earnings exceeds the highest salary in your average salary period (‘salary of reference’) plus pensions increase. Your pension may also be reduced during that tax year where it is identified that earnings plus pension may exceed ‘salary of reference’, but it will recommence at the start of the following tax year.
What should I do if I return to teaching?
- You must notify Teachers’ Pension TP will then decide if your benefits need to be reviewed.
