Section A
News feed
Summary Funding Statement 2017 now available
08
Jun
2017
The Trustee has now published the Summary Funding Statement outlining the results of the 30 June 2016 actuarial interim assessment.
BT review of BTPS benefits
30
May
2017
BT have announced that they have commenced a review of the BT Pension Scheme (BTPS) benefits.
How much will your State Pension be?
18
May
2017
Reforms in April 2016 introduced the new State Pension. Most people reaching State Pension Age this year won’t be entitled to the full amount. How much will your State Pension be?
Snap general election halts decision to reduce MPAA
28
Apr
2017
Following the announcement of a general election, the Government is expediting the Finance (No 2) Bill before Parliament is dissolved on 3 May 2017.
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.