Current status: Answered by Ivan McKee on 23 May 2024
To ask the Scottish Government how it ensures the smooth transition for teachers moving between the Scottish Teachers' Superannuation Scheme (STSS) and the Scottish Teachers' Pension Scheme 2015 (STPS 2015), in order to avoid any loss of pension benefits.
The value of members’ benefits accrued in the Scottish Teachers’ Superannuation Scheme (STSS) are protected by transitional protections on moving to the Scottish Teachers’ Pension Scheme 2015. These protections include a Final Salary Link which provides that members’ final salary pension from the STSS is based on their pensionable salary at the point they finally retire and not at the point they transition to the 2015 Scheme.