LTB 643/2019 – BT PENSION SCHEME

No. 643/2019

Ref: DJ/ML

Date: 5 November 2019

TO ALL BRANCHES WITH MEMBERS IN BT

 

 Dear Colleague

BT PENSION SCHEME – Reminder Pensions Review – Opportunity to Transfer Special Additional Contributions (SACs) Arrangements into the BTPS Additional Voluntary Contributions (AVCs) Fund

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.

Further information can be found on the BT Intranet snip.bt.com/pensions and on the BTPS internet site at www.btpensions.net/avcs/SACs.

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.

Yours sincerely

 

Dave Jukes
Assistant Secretary

Att:
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

Attachment 1 – LTB 643.2019

Attachment 2 – LTB 643.2019