BT Pensions Update

Deferred BT Pension Scheme (BTPS): All BTPS members at 30 June should have now received a statement detailing your closure benefits at your home address (the Closure Statement) and an email confirming enrolment into the BTRSS.

BT Retirement Saving Scheme (BTRSS): The revised standard BT contribution rate of 10% and minimum BT payment of £2,000 (pro-rated for part time staff) have been in place since 1st June.

BT Hybrid Scheme (BTHS): The CWU has been working with BT on setting up the new BTHS which will be available for all those who were in the BTPS on 30 June 2018. It will combine both defined benefit and defined contribution benefits.

For more details, info on allowances and BT Pension Briefings click HERE