New teachers will lose money from new pension scheme, unions claim

New teachers will pay more to the pension scheme in contributions than they will receive from it in benefits, it was claimed today.

A report being released today by teaching unions, the ASTI, INTO and TUI, also highlighted that the value of teachers' pensions have previously been adjusted downwards in 1995, 2004 and again in 2009.

"The evidence of the report is that the changes are completely unjustified," said INTO deputy general secretary Noel Ward.

"Many new teachers who come in to service from 2011 onwards will pay more into the pension scheme over their career than they will ever get out of it.

"That is because it is being changed to a career-average pension model."