Under the Teachers’ Pensions Scheme (TPS) regulations there is no fixed retirement age. There is a normal pension age of 60, or 65 for new entrants from 1 January 2007, but teachers may retire with employer agreement from age 50 under the premature retirement arrangements, 55 under the actuarially reduced pension arrangements and from age 60 or 65 under normal age retirement. Teachers can continue to contribute to the TPS until age 75.
The following table provides an estimate of the number of full-time qualified regular teachers in service in England in 2007, broken down by age from 55, (i.e. five years before the normal pension age of 60). This is the latest information available.
Age Number Under 55 321,200 56 11,500 57 10,300 58 9,000 59 7,000 60 5,600 61 2,800 62 1,100 63 700 64 400 65 300 65 and over 200 Total 370,100 Note: Numbers are rounded to the nearest 100. Source: Annual survey of teachers in service and teacher vacancies, 618g, and Database of Teacher Records.