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.
Contribution breaks
Unpaid leave
Any period of unpaid leave will not count as Pensionable Service unless, when you return to work, you agree to pay the contributions which would have been due from you for that period as if you had continued to be paid. If you are participating in Smart Pensions, the contributions will be equal to your notional contributions.
You will need to apply to Accenture and have this agreed within three months of your return to work.
Unpaid absence.
Any period of unpaid absence will not count as Pensionable Service unless, when you return to work, you agree to pay both your own contributions and those which would have been payable by BT but for the absence. If you are participating in Smart Pensions, the contributions will be equal to your notional contributions, including company contributions.
You will need to apply to Accenture and have this agreed within three months of your return to work.
Maternity/Paternity/Adoption leave
If you are on paid maternity, paternity or adoption leave, you will continue to pay contributions on the Pensionable Salary you are receiving and that period will count as Pensionable Service.
Sabbatical
Any leave whilst you are on a Sabbatical will not count as Pensionable Service unless, when you return to work, you agree to pay both your own and the company's contributions which were due for that period. You will need to apply to Accenture and have this agreed within three months of your return to work.