Introduction to the Scheme

The BT Pension Scheme (BTPS) is a ‘Defined Benefit’ arrangement. This type of pension scheme is also known as a ‘Final Salary’ scheme because the pension you earn as a member is calculated as a fraction of your final earnings, for each year of membership.

Annual Benefit Statements help you to see how much pension you are building up, based upon your current earnings. The Scheme does not provide projections of your pension at Normal Retirement Age (age 60) because it is not possible to predict reliably your final earnings.

BTPS is an exempt approved scheme under the Income and Corporation Taxes Act 1988. Consequently, benefits under the Scheme are subject to certain Inland Revenue restrictions and limits which override Scheme rules. The Scheme is 'Contracted Out' of the State Second Pension. Contracting Out is described in more detail within the Glossary.

Comprehensive information about the Scheme is contained within the pages of this site. However, if there is anything you need to know about the Scheme that isn't answered by the site, please email the Deputy Secretary to the Scheme, Mr Chris Symonds, who will be able to answer any questions you might have about the Scheme itself. For any other enquiries, please visit the Who’s who page for the appropriate contact details.

There are a number of links within this site to files with the extension '.PDF'. You will need to have 'Adobe Acrobat Reader' software installed on your computer in order to view these files. You can get this software for free at Adobe’s website.