Many mature-age teachers are discouraged from continuing to teach due to their superannuation fund arrangements. This is particularly so for members of the older superannuation schemes such as the State Superannuation Scheme (SSS), the "old scheme". Any teachers in SSS maximise their entitlements at the point of their nominated retirement date either at age 60, or at age 55 for those women who nominated 55 as their date of retirement.
Teachers in SSS who work beyond their nominated retirement date continue to pay superannuation contributions however, other than the flow-on benefits from salary increases, they don't receive any additional benefits for continuing in employment beyond their nominated retirement date.
In 2005 the Commonwealth Government changed the laws governing superannuation in order to allow superannuation fund members to gain access to their superannuation benefits without having to retire. These changes, called "Transition to Retirement", have now been possible for nearly four years. Both the Western Australian and the South Australian Governments have introduced "Transition to Retirement" arrangements for their employees.
The New South Wales Government has continually delayed in acting on repeated requests from the Teachers Federation for the introduction of "Transition to Retirement" arrangements for teachers and other New South Wales public sector employees.
The Federation asks that you assist in this campaign, either by sending the pro forma e-mail or by writing in similar terms to the Premier, the Minister for Finance, the Minister for Education and Training and your local Member of Parliament.
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