The BT Pension Scheme (BTPS) is now closed for members of Section B and Section C.
All current BT employees who were in the closed sections of the BTPS were opted into the BT Retirement Savings Scheme (BTRSS).
Following negotiations with the CWU, BT have introduced the BT Hybrid Pension Scheme which is a part defined benefit and part defined contribution scheme.
Eligible BT employees had up until 30th September 2019 to opt into the BT Hybrid Pension Scheme (BTHP).
The CWU Podcast The U Word talks about the BT Hybrid Pension Scheme and urges members to seek financial advice to decide whether to opt into the scheme before the deadline on the 30th September 2019.