The draft Pension Regulations will now not be ready as planned before 31 August 2009. The Education Minister has now decided to have an Equality Impact Assessment on the draft Regulations.

This means that all teachers leaving the profession this year on the grounds of redundancy will require to have their pension lump sums and redundancy payments recalculated. Teachers leaving their posts because of redundancy this year, who are over the age of 50, will now be in receipt of pension and their lump sum with effect from 1 September 2009. They will also be in receipt of a redundancy payment.