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GM SCHOOLS TO LET TEACHERS RETIRE AT 53

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The Financial Times (January 18, p4) reported that even if the government introduces rules designed to make early r...
The Financial Times (January 18, p4) reported that even if the government introduces rules designed to make early retirement more expensive, grant maintained schools will allow teachers to retire at 53.

The paper reported that teachers unions have said this would cause 'great resentment' among teachers in schools funded by local education authorities and local authorities said it was 'a misuse of public money.'

The Funding Agency for Schools which handles the central government money distributed in the grant maintained sector, has told GM schools heads that teachers aged 53 or over will still be able to retire this year on fully funded early retirement pensions regardless of the expected changes to the teachers pension scheme, the paper said.
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