In the next four years it is projected that 1,000 undergraduates will graduate from the training colleges each year. In addition, it is projected that 280 postgraduates will graduate in 2002 and 440 in 2003. It is projected that 280 postgraduates will qualify in 2004 and 2005. However, the projections for postgraduates in 2004 and 2005 will be finalised after further discussions with the colleges of education.
It is projected that 580 teachers will retire on pension in each of the next four years. These projections include teachers retiring voluntarily, on compulsory grounds, those obtaining early retirement on grounds of ill health or under the early retirement scheme under the PCW agreement. Teachers may retire voluntarily with pension on reaching age 55 provided they have 35 years' service, or retire at any time after reaching age 60. Teachers who remain in teaching to compulsory retirement age must retire at age 65.
In addition to retirements, there is a range of other factors that affect the demand for teachers at primary level. The Government since taking office has retained the demographic dividend arising at primary level each year and has also created an unprecedented number of new teaching posts. A total of 1,800 new teaching posts have been created at primary level which has enabled the Government to reduce the pupil teacher ratio from 22.2:1 in the 1996-97 school year to 19:1 in the current school year.