LTB 643/2019 – BT PENSION SCHEME – Reminder Pensions Review – Opportunity to Transfer Special Additional Contributions (SACs) Arrangements into the BTPS Additional Voluntary Contributions (AVCs) Fund
Date: 5 November 2019
TO ALL BRANCHES WITH MEMBERS IN BT
This LTB is intended to be a reminder of the content of LTB 349/2018 (copy attached).
There is a one-off opportunity to transfer Special Additional Contributions (SACs) Arrangements into the BTPS Additional Voluntary Contributions (AVCs) and if members wish to take up the offer the form must be received by Standard Life no later than 9 December 2019.
There are 4,500 members eligible to transfer the SACs to the BTPS AVC. Can I request that Branches circulate this LTB to members as soon as possible. A copy of the company’s reminder is also attached.
Any enquiries from Branches regarding this LTB should be referred to my office in the first instance.