The pension scheme was introduced for members of the African Teachers Service with effect from 1 August 1962.
All teachers, who were then contributing to the African Teachers Service Contributory Pensions Fund (ATS), were given four options as follows;
With this option, teachers can choose to keep their rights under this scheme in relation to past contributions and to switch to the new scheme by an agreed date, in which case the Free Pension will not be backdated.
Teachers can continue under this scheme, which would mean continuing to contribute 1/2% of the teacher’s salary and the employer continuing to contribute 1/2%.
Teachers were to elect to come on to a Free Government Pension Scheme back-dated for the period of their previous contribution, in which case they would forfeit their rights under the contributory scheme.
Teachers are allowed to elect to come on to a free pension scheme and to withdraw the teachers’ contribution plus interest to the present scheme, at a time and on a basis to be agreed between the Government and the Union.
All contributors to the African Teachers Service contributory Pensions Fund were given copies of the Education Circular are required to elect only one of the four options given.