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 leave the Company before Normal Pension Age then you have to leave the Scheme.
You can then choose:
Deferred pension benefits will be based on your Final Pensionable Salary and Pensionable Service at the date of leaving. The benefits will be retained in the Scheme and increased in line with the Scheme's pension increase arrangements until they become payable - i.e. until you retire or die.
If you leave your deferred pension in the Scheme and then suffer ill health, you may apply to take it early without an early retirement reduction on ill-health grounds or you may apply to take your deferred pension early with an early retirement reduction.
If you have a deferred pension and die before Normal Pension Age, your Spouse, Civil Partner or Adult Dependant and any eligible children will receive pensions similar to those that would have been payable if you had died in service. However, there will be no enhancement of Pensionable Service. In addition, a preserved lump sum death benefit would be payable. For more details of the benefit see the Member Booklet in the Useful documents section of this website.
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