Section A
News feed
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.
Trustee updates actuarial factors
04
Jun
2018
From time to time the Trustee carries out a formal review of the actuarial factors which are used to calculate certain pension benefits.
GDPR – Updated Privacy Notice
14
May
2018
The Trustee of the Scheme has updated the Privacy Notice, which explains how we manage the personal information that we hold.
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.