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 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.
From time to time the Trustee carries out a formal review of the actuarial factors which are used to calculate certain pension benefits.
The Trustee of the Scheme has updated the Privacy Notice, which explains how we manage the personal information that we hold.
BT and the Trustee of the BT Pension Scheme have reached agreement on the 2017 triennial funding valuation.
The Trustee has a number of responsibilities and must always act in the best interest of ALL the Scheme's beneficiaries. This includes deferred members, pensioners and beneficiaries, as well as active members (current employees). Specifically, the Trustee's main responsibility is "to pay all of the benefits as they fall due under the Scheme, in accordance with the Trust Deed and Rules". However, in addition, the Trustee:
The Trustee will normally send Active Members a benefit statement every year giving details of your projected future benefits. Deferred members are usually sent a statement each year showing the current value of their deferred benefits. All members of the Scheme are sent a summary of the Scheme's annual Report and Accounts.
The Trustee's full Annual Report and Accounts includes details of the Scheme's general progress and investment information.
The most recently published editions of the summary and full versions of the Scheme's Annual Report and Accounts are available to view or download through this website on the 'Scheme Report and Accounts' page of the document library.
Please select from section A, B or C
For members who joined the Scheme before 1 December 1971
For members who joined the Scheme between 1 December 1971 and 31 March 1986
For members who joined the Scheme on or from 1 April 1986 but before the Scheme closed on 31 March 2001