Section A
News feed
Judicial Review Update
03
Aug
2018
There was a short interim hearing for the Court to decide how any questions regarding the interpretation of the BTPS Rules should, as a matter of process, be dealt with.
Summary Funding Statement and an update on the closure of the Scheme
25
Jul
2018
The Trustee has published this year's Summary Funding Statement giving an update on the Scheme's funding position.
BT application for Judicial Review: Important update
18
Jun
2018
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 application for a Judicial Review
07
Jun
2018
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.
My pension
Upon retirement, you will receive:
- A pension payable for life; and
- A lump sum of three times your annual pension
These benefits will be calculated with reference to your Pensionable Service (expressed in years and days) and Final Pensionable Salary.
The lump sum is currently tax free, provided it does not exceed one quarter of the standard Lifetime Allowance. For more information regarding the calculation of these benefits, please refer to the Member booklet for Section A which can be found in the Useful documents section of this website.