LTB 423/19 – BT Pension Scheme: Section C Indexation Case
No. 423/2019
Ref: NC/lm
Date: 09 July 2019
TO ALL BRANCHES WITH BT MEMBERS
Dear Colleague,
BT Pension Scheme: Section C Indexation Case
The legal case on BT Pension Scheme (BTPS) indexation has finally ended with BT failing in its attempt to change indexation arrangements.
As previously reported BT has been seeking to change the future indexation of Section C pensions in payment from RPI to CPI. This would have resulted in lower future pension increases for about 80,000 Section C members and saved BT around £2 billion.
BT lost at the High Court and then at the Court of Appeal. BT then sought permission to appeal again to the Supreme Court.
The appeal request has now been turned down. As a result this legal case has ended and Section C pensions in payment will continue to be linked to RPI.
The CWU wholeheartedly welcomes the end of this misguided, unnecessary and expensive case designed to cut members’ future benefits. BT was seeking to cut the future incomes of BT pensioners and the CWU does not believe this was acceptable.
This news will come as a great relief to all Section C members who have been facing the real prospect of lower pension increases in the future.
Any enquires about the content of this briefing should be direct to HQ. Enquires about individual pension benefits should be directed to the BTPS via www.btpensions.net
Yours sincerely
Nigel Cotgrove
Assistant Secretary