1. Act Now to Protect Your Pension Autumn 2010

2. The threat to our pensions John Hutton’s report sets out various options for change – all will cut our pensions George Osborne: ‘the public sector pension bill is unsustainable’ Nick Clegg: ‘unreformed gold-plated pension pots … just not fair, not affordable’ The Government has made up its mind before the Hutton review – this is the start of the attack on our pensions

3. Hutton proposals Pay more higher and/or tiered contributions? Work longer pension age of 65 for all teachers? maybe even higher in the longer term? Get less indexation change from RPI to CPI already proposed by Government “career average” scheme?

4. The case against change (1) Teachers’ pensions are fair! The average teachers’ pension in payment is less than £10,000; only 5% are over £20,000 Cuts will hit women teachers hardest Teachers are saving for retirement – this should be commended not condemned

5. The case against change (2) Teachers’ pensions are affordable! TPS already reformed to reduce costs normal pension age now 65 for new teachers higher contribution rate of 6.4% for all cost-sharing agreement limits employers’ contribution to 14% Costs will fall as planned – cutting our pensions is a political choice not an economic necessity

6. Pay more… Higher contributions? to make short term savings to make employer and employee contributions more equal Effect of 2% extra £30 per month for NQ teachers £50 per month for UPS3 teachers Tiered contributions as in local government?

7. Work longer… NPA of 65 for all teachers? pension accrued in future would only be available in full at age 65 Effect of NPA of 65 50 year old on UPS3 who still retires at 60 would lose £1500 per year Even higher NPA as State pension age rises to 68?

8. Get less… Indexation - RPI to CPI affects all members, planned for April 2011 breach of election promise – and accrued rights? Effect of RPI to CPI a teacher retiring on a £20,000 pension will lose £70,000 over their retirement “Career average” not “final salary”? pension based on pay across whole career “fairer” pensions?

9. The real pension problem Two-thirds of private sector employees are not in any employer-backed pension scheme 87% of private sector final salary pension schemes are closed to new members Cutting public sector pensions won’t help private sector workers in retirement - we need decent pensions for all!

10. What you can do Email your local MP use the facility at www.teachers.org.uk/notocuts - ask them to oppose pension cuts and RPI to CPIwww.teachers.org.uk/notocuts Ask your colleagues to email their MPs - email the link to 5 of your friends Support NUT and TUC campaigning Talk to colleagues and friends - your pension is fair, affordable and does not need to be cut!

11. Remember! In 2005-6 the NUT and other unions saw off Government threats to slash our pensions We succeeded by standing together and being prepared to take action We may need to stand together once again to defend our pensions