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.
If you die while you are still employed with the company and are an Active Member of the Scheme, then the following benefits will be paid:
If there is no Spouse or Civil Partner, at the discretion of the Trustee, an Adult Dependant's pension may be payable.
If you die whilst in Pensionable Service a minimum lump sum of three times your Final Pensionable Salary (or the lump sum which would have been paid if you had been retired on medical grounds at the date of your death, if greater) will be paid to your beneficiaries.
For more information please refer to the Death in Pensionable Service section of the Explanatory booklet for Section A Members which can be found in the Useful documents section of this website.
A pension for life will also be paid to your Spouse or Civil Partner. If you do not have a spouse or civil partner, you may nominate an Adult Dependant to the Trustee who may then consider them for a pension.
This pension will be calculated up to a maximum of half the pension you would have received on ill-health retirement (i.e. calculated on enhanced Pensionable Service).
However, your Pensionable Service for this purpose will be based on your Pensionable Service since 1 June 1972, or from the date of joining the contributory part of the Scheme, if earlier.
A pension may also be paid to a dependent child or children.
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