Section A
News feed
New online services are coming soon
13
Jan
2021
Following members’ feedback, we have been investing in technology and modernising our online services.
BTPSM appoints Wyn Francis as Chief Investment Officer
06
Jan
2021
BT Pension Scheme Management (‘BTPSM’) has announced, with immediate effect, the appointment of Wyn Francis as Chief Investment Officer.
GMP Court ruling update
08
Dec
2020
The Trustees have been in discussions with their advisers as to the steps the Scheme should take with regards to the “equalisation” of certain pension benefits.
Reforming the Retail Prices Index – changes from 2030
25
Nov
2020
Every month, the Office for National Statistics (ONS) estimates the inflation rate in the UK by calculating the change in prices of a representative basket of goods and services.
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.