BT Tower - London

Section A

Retirement planning

Early

Flexible

Normal

Late

Ill Health

At any time from age 55, you may begin to receive your pension and lump sum even though you are still employed by BT. 

BT agreement is not currently required but this may change in the future. Alternatively, you can leave BT employment and ask for your pension to be paid at any time from age 50 onwards.

If you decide to retire before your Normal Pension Date, the level of pension you receive will be less than the amounts you would have received at your normal pension date (i.e. those shown on your Annual Benefit Statement).

What do I need to do?

Things to consider

BT no longer has an age at which you must leave employment. So, it’s up to you when you choose to stop working. You can choose to continue to contribute to the BTPS and earn additional pensionable service whilst you are employed by BT.

If you’re not leaving BT, you may need company consent to take your pension and continue in employment. You will not require company consent if you are a Section A member aged 55 or over, but you will be required to complete the form which can be found on the BT intranet.

As a Section A member consent is not required on the basis that it is not currently required for members of the Principal Civil Service Pension Scheme (PCSPS). If the PCSPS terms were to change at any point, then employer consent may be required.

In many cases, as a Section A member you can elect to become a Section B member at the point of retirement. If you choose to do this the consent requirements applicable for Section B members will apply.

What do I need to do?

Things to consider

Your normal retirement date is your 60th birthday.

What do I need to do?

Things to consider

Members who are no longer employed by BT must take their pension by their Normal Pension Date at the latest. However, if you remain employed by BT you have a number of options:

  • you can carry on working and contributing to build up more pension and lump sum

  • you can stop contributing and wait to take your pension and lump sum. You would be treated as if you had opted-out of BTPS membership. However, your deferred pension would receive an increase each year to reflect the later payment of your pension; or

  • you can take your pension and lump sum immediately, and carry on working for BT (see flexible retirement)

What do I need to do?

Things to consider

If you are unable to continue to work due to serious ill health or disability, you may be eligible to receive an immediate pension from the BTPS. If you satisfy BT’s medical retirement criteria you will receive an immediate ill health pension and lump sum, which will not be reduced on account of early payment. In addition, you may receive an enhancement to your Pensionable Service.

What do I need to do?

Things to consider