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How do I contact BAE Systems pension scheme?

Members of the MMT BAE Systems Retirement Savings Plan should contact Scottish Widows on 0800 015 2038. For all other BAE System Pension scheme members you will need to contact the Mercer on +44 (0) 3308 187 282.

Does BAE have a pension plan?

Welcome to BAE Systems Pensions Website All new employees since April 2012 have had access to a DC pension scheme.

What is the accrual rate for BAE Systems pension?

For all other BAE Systems DB schemes, the pension accrual rate is fixed (expressed as a percentage or fraction e.g. 1% or 1/100th) each year and monthly contributions are paid by you and your employer to fund your prescribed level of pension.

What is the funding status of the BAE Systems pension scheme?

Since 2019, a combination of the 1.3bn contributions paid by the Company and strong investment returns have put the Section in a good position. At 31 March 2021 the Section was 100% funded on an ongoing basis.

What is an accrued pension?

Accrued Pension Benefit means the monthly benefit to which a Participant is entitled under the defined benefit portion of the Plan on or after the Effective Date pursuant to the provisions of Section 6.1, expressed as a single life annuity commencing at the Participants Normal Retirement Date or the Actuarial

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