Judicial Review update
Last year BT brought an application to the High Court to look at a Government decision (a Judicial Review) on public sector pensions and how this decision, may impact the way in which increases to Guaranteed Minimum Pension (GMP) are applied to certain Section B members’ pensions.
The final hearing to this matter took place on 7, 8 and 9 November 2018 where it was determined that the decision made by Her Majesty’s Treasury was valid. This means the Trustee will, subject to any appeal (see below), continue to pay pension increases for these particular Section B members in line with legislative increase requirements that also apply to public sector workers, as set out and in accordance with the Rules of that Section.
BT have requested permission to appeal the decision and the Trustee will continue to provide updates if there are any further developments.
As a Section A member, neither this Judicial Review or the Section C court case impacts the benefits you have built up within the Scheme.