BBC Review of Future Pension provision
The BBC has said it is reviewing its future pension provision for its employees
The BBC has said it is reviewing its future pension provision for employees and that the BBC Board has, therefore, recently decided to ask the High Court to rule on the correct interpretation of one of the Rules of the BBC Pension Scheme (the Scheme). The BBC will formally begin the Court process by submitting a number of questions to the Court.
The questions of interpretation the BBC will ask the Court focus on whether (and if so how) Scheme Rule 19 could be used to change the benefits Active Members might receive for future service or to increase the contributions they may have to make. The BBC has said in its communications to employees that it is seeking clarification on a number of options ranging from the way benefits are built up and funded, through to full closure of the Scheme to future accrual.
The BBC is explaining to employees its decision to being the Court process and why it considers there is a need for change. To date, the BBC has not informed the Trustee of any specific proposals to change Scheme benefits or member contributions for Active Members. The BBC has, however, confirmed there will be no change to benefits members have already built up.
- If you are a current employee with access to Gateway, you can find out more about why the BBC considers there is a need for change on Gateway
The Trustee wants members to be aware of what is happening and has sent all members a letter and factsheet. More information including a set of Questions and Answers is available here.
It is expected that, once the Court process begins, it will take between nine months and a year for the application to be heard by the Court, but it may be longer. Updates on any developments in the Court process, including when the hearing will take place, will be published on this website. Following the hearing, the Court will issue a decision, and this will be communicated to all Active Members
