Your Teachers' pension is calculated using a 'career average scheme' or 'final salary scheme'. The career average scheme is based on 1/57 of your annual pensionable earnings, plus overtime and index linking. Also, active scheme members have a yearly revaluation plus an additional 1.6%. With the final salary scheme, a Normal Pension Age 60 salary pension is calculated by multiplying your service by your average salary and then dividing by 80; and lump sum equal to three times your pension. However, a Normal Pension Age 65 salary pension is calculated by multiplying your service by your average salary and then dividing by 60.