On 5 June 2018, the Trustee wrote to Section A and B members who are potentially affected by a court application currently being brought by BT.
BT has applied to Court for a judicial review of an HM Treasury decision that could impact how pensions in payment are calculated for certain Section B members.
From time to time the Trustee carries out a formal review of the actuarial factors which are used to calculate certain pension benefits.
The Trustee of the Scheme has updated the Privacy Notice, which explains how we manage the personal information that we hold.
BT and the Trustee of the BT Pension Scheme have reached agreement on the 2017 triennial funding valuation.
Membership of the Scheme offers you many valuable benefits. Not only does it present you with an opportunity to plan for your retirement but you also have the peace of mind that your family will be looked after in the event of your death. Lots more information on these benefits can be found on this website and in the Member Booklet, but at a glance these benefits are:
On retirement, you will receive a pension payable for life plus a lump sum.
The Company is responsible for paying the amount required to provide the benefits promised by the DB Section of the Scheme and its administration costs after allowance is made for the contributions paid by the Members (currently 6% of their Pensionable Salary). See What you pay for more information.
The opportunity to make Additional Voluntary Contributions and increase your future benefits.
The benefits you receive are linked to your period of Pensionable Service with the Company and your Final Pensionable Salary.
Benefits are provided whether you die before or after retirement. The death benefits payable will depend on your situation at the time of death.
The Pensions Portal provides 24/7 access to the secure members area where you can review your pension.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme between 1 December 1971 and 31 March 1986
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001