0
General

Prospect union welcomes BT pension scheme ruling

Thursday 11 July 2019 | 10:23 CET | News

The Prospect trade union has welcomed a decision by the Supreme Court to refuse BT permission to appeal a Court of Appeal decision relating to the index for calculating pension increases BT Pension Scheme (BTPS) members. 

BT wanted to use the Consumer Prices Index, instead of the Retail Prices Index, to calculate annual pension increases for 80,000 Section C BTPS members. Prospect said that members would have stood to lose an estimated GBP 24,000 each on average from the switch. The decision collectively says them GBP 2 billion. 



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: BT
Countries: United Kingdom
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Court of Appeal allows BT to appeal High Court pension ruling

Published 01 May 2019 17:31 CET | United Kingdom
UK trade union Prospect has reacted angrily after the Court of Appeal granted BT permission to appeal a previous pensions ruling ...

BT plans sale of Irish unit as part of Global Services restructure - report

Published 25 Apr 2019 10:35 CET | Ireland
BT is inviting bids for its Irish business as part of a restructure of the BT Global Services division, reports The Telegraph....

BT hires takeover experts as standstill agreement with Deutsche Telekom expires

Published 13 Jan 2019 22:01 CET | United Kingdom
BT Group is working with leading takeover advisers in the City of London amid fears that it could be targeted by Deutsche ...





Calendar   /   Industry Events

17 Jul Fiber Optic Expo
18 Jul Nordic Entertainment (NENT) Q2 2019
18 Jul Microsoft fiscal Q4
18 Jul Millicom Q2 2019
18 Jul CrowdStrike fiscal Q1
18 Jul Telia Q2 2019
19 Jul DNA Q2 2019
22 Jul NOS Q2 2019
22 Jul Logitech fiscal Q1
23 Jul Megacable Q2 2019
23 Jul Calix Q2 2019
23 Jul Iridium Q2 2019
23 Jul Snap Q2 2019
23 Jul AudioCodes Q2 2019
23 Jul Vodafone AGM
24 Jul Telekom Slovenije Q2 2019
24 Jul Orange Poland Q2 2019
24 Jul Mellanox Technologies Q2 2019
24 Jul Orange Belgium Q2 2019
24 Jul AT&T Q2 2019
24 Jul Netgear Q2 2019
24 Jul KPN Q2 2019
24 Jul Telefonica Deutschland Q2 2019
24 Jul F5 Networks fiscal Q3
24 Jul Altigen Communications fiscal Q3
24 Jul Facebook Q2 2019
24 Jul Technicolor H1 results
25 Jul STMicroelectronics Q2 2019
25 Jul Telefonica Q2 2019
25 Jul Maxlinear Q2 2019
::: More Calendar Items