How to Retire

Please select your Pension Scheme below:

 

Secondary, Community & Comprehensive Teachers Superannuation Scheme


Education & Training Board Teachers Superannuation Scheme


Single Public Service Pension Scheme

 

 

Secondary, Community & Comprehensive Teachers Superannuation Scheme

How to Retire 

When you are looking to retire there are really three essential things you should do. Firstly you should apply to the Department of Education & Skills (DES) for an estimate of your pension benefits. Secondly, you should also talk with a pension consultant about any private pension investments you may have made or may wish to make before you retire, as well as advice on your PRSI record. Thirdly, when you have a solid understanding of the income you will be receiving in retirement, then and only then, should you make a formal application to retire from teaching. Deciding to retire from teaching is a momentous step as important as the decision you made to enter the teaching profession in the first place. You should prepare for your decision to retire with the same level of preparation you invested in your decision to join the profession.

Applying for an Estimate of Pension Benefits

It is very important that you apply for an estimate of your pension benefits prior to giving notice of your intention to retire. This estimate will not only provide a detailed projection of your pension benefits, but will also provide a statement of service that you can use to ensure that all of your teaching service has been captured. It will also set out your PRSI record over your teaching career. Finally, the estimate will confirm which pension scheme you are a member of and, hence, from what date and under what conditions you can securely retire.

The DES will only provide an estimate of pension benefits for teachers enquiring about retirement within the current school year, i.e. by the 31st August of that year. As it currently takes at least three months for the DES to provide the estimate, a teacher considering retirement should apply for an estimate well in advance, typically by Christmas for a teacher intending to retire by the August of that school year. The estimate of pension benefits can be applied for using “Query Form 1”  

Once you have received your pension estimate from the DES you may call the Pensions and Retirement team at ASTI Head Office who will be happy to talk you through your estimate.

Applying to Retire

Having decided to retire a teacher is required to give three months’ notice to their Board of Management, if employed in a Voluntary School, or one month’s notice if employed in a Community or Comprehensive School. You can give that notice by sending a letter or email to the Principal/Secretary to the Board of Management advising the date on which you intend to retire. Please remember this letter constitutes formal notice by you to your employer that you are terminating your contract of employment by retirement. Once submitted, it cannot be rescinded or altered by you except with the agreement of your employer. For this reason you should not give substantially more than the minimum notice to your employer of your intention to retire. This would typically be during the first part of May to allow for processing and signatures for a teacher intending to retire at the end of the school year.

In addition, you will need to submit an application to retire to the Pensions Section of the DES. This application has to be stamped and signed by your school prior to being submitted to the DES and should reach the DES Pensions Section at least 3 months prior to your retirement date. Teachers typically submit their letter of retirement and their application form to their school at the same time.

There are different application forms to be used for the main retirement options:

“Voluntary/Compulsory Retirement and 55/35 Scheme”

“Cost Neutral Early Retirement (CNER)”

“Accessing a Deferred Pension”

 

 

 

Education & Training Board Teachers Superannuation Scheme

How to Retire 

When you are looking to retire there are really three essential things you should do. Firstly you should apply to the Human Resources Department of your employing Education & Training Board (ETB) for an estimate of your pension benefits. Secondly, you should also talk with a pension consultant about any private pension investments you may have made or may wish to make before you retire, as well as advice on your PRSI record. Thirdly, when you have a solid understanding of the income you will be receiving in retirement, then and only then, should you make a formal application to retire from teaching. Deciding to retire from teaching is a momentous step as important as the decision you made to enter the teaching profession in the first place. You should prepare for your decision to retire with the same level of preparation you invested in your decision to join the profession.

Applying for an Estimate of Pension Benefits

It is very important that you apply for an estimate of your pension benefits prior to giving notice of your intention to retire. This estimate will not only provide a detailed projection of your pension benefits, but will also provide a statement of service that you can use to ensure that all of your teaching service has been captured. It will also set out your PRSI record over your teaching career. Finally, the estimate will confirm which pension scheme you are a member of and, hence, from what date and under what conditions you can securely retire.

Your ETB will prioritise the provision of estimates of pension benefits for teachers enquiring about retirement within the current school year, i.e. by the 31st August of that year. An ETB will typically provide an estimate more quickly than the Department of Education & Skills, who can take up to three months. However, it is worth giving them reasonable notice of your request and a teacher considering retirement should apply for an estimate well in advance, typically by Christmas for a teacher intending to retire by the August of that school year. The estimate of pension benefits can be applied for using "Query Form”.  

Once you have received your pension estimate from your ETB you may call the Pensions and Retirement team at ASTI Head Office who will be happy to talk you through your estimate.

Applying to Retire

Having decided to retire a teacher is required to give at least one months’ notice of their intention to retire to their Education & Training Board and to their school. You can give that notice by sending a letter or email to the Chief Executive of your ETB, copied to your School Principal, advising the date on which you intend to retire. Please remember this letter constitutes formal notice by you to your employer that you are terminating your contract of employment by retirement. Once submitted, it cannot be rescinded or altered by you except with the agreement of your employer. For this reason you should not give substantially more than the minimum notice to your employer of your intention to retire.

In addition, you will need to submit an application to retire to the Human Resources Department of your ETB. This application has to be stamped and signed by your school principal prior to being submitted to the ETB and should reach them at least one month prior to your retirement date.

Different ETBs have specific arrangements for applying for retirement, including with regards to how far in advance of retirement you should complete the retirement application form, and it is advisable to speak with your ETB HR department to confirm those arrangements beforehand. A copy of the appropriate retirement form will be sent to you on request by your ETB HR department.


 

Single Public Service Pension Scheme

How to Retire

Teachers have only been contributing to the Single Public Service Pension Scheme since 2013, and so far, few if any ASTI members have approached the age at which they would be considering retirement under the terms of this Pension Scheme. In any event, the same basic principles of preparing for retirement apply.

When you are looking to retire there are really three essential things you should do. Firstly you should apply to the administering authority for your Pension Scheme for an estimate of your pension benefits. Your administering authority is either the Department of Education & Skills (DES) or your Education and Training Board, i.e. the organisation that is responsible for paying your salary.

Secondly, you should also talk with a pension consultant about any private pension investments you may have made or may wish to make before you retire. Thirdly, when you have a solid understanding of the income you will be receiving in retirement, then and only then, should you make a formal application to retire from teaching. Deciding to retire from teaching is a momentous step as important as the decision you made to enter the teaching profession in the first place. You should prepare for your decision to retire with the same level of preparation you invested in your decision to join the profession.

Applying to Retire

Having decided to retire a teacher is required to give three months’ notice to their Board of Management, if employed in a Voluntary School, or one month’s notice if employed in a Community or Comprehensive School or by an Education & Training Board (ETB). If employed by an ETB, notice is given to the Chief Executive and copied to your Principal. A retiring teacher is also required to complete an official Retirement Application Form, copies of which are available in advance from the administering authority for your Pension Scheme, i.e. either the DES or ETB as appropriate.