Bae Systems Pension Scheme: Dc Retirement Plan Opt Out Application Form printable pdf download

Bae Systems Pension Scheme: Dc Retirement Plan Opt Out Application Form

BAE Systems Pension Scheme: DC Retirement Plan

Opt Out Application Form

Membership of the Plan is not a compulsory part of employment with the Company. You

can Opt Out at any time.

You are required to give the Trustees and the Company 2 month’s written notice of your

BAE Systems Pension Scheme: DC Retirement Plan. After this notice period, you will be

treated as if you had left service.

The decision to Opt Out is yours alone. We are not permitted by law to give financial

advice. You may wish to take independent financial advice before making a decision.

Visit

to find out how to contact your nearest independent financial

adviser.



You will lose the benefit of the Company’s contributions into your DC Account.



You will lose the lump sum death benefit of six times salary that would be paid to

your beneficiaries in you died in service.



You will lose the partial income protection if you have to stop working because of ill

health.



If you are in SMART Pensions, you will lose the benefit of the SMART Pensions

savings in your pay.



If you change your mind, re-entry will require the specific permission of your

employer and the Trustees. Evidence of good health may be required and certain

benefits may be restricted. If you are permitted re-entry, you will only be able to join

the scheme that is open to new entrants.

Declaration

I fully understand the process and implications of Opting Out of the Plan as detailed above.

Signed: _____________________________ Dated: ______________________________

Print Name: _________________________ NI No: _______________________________

Send your completed form to:

BAE Systems Pension Fund Trustees Limited

Pensions Service Centre, PO Box 1194, Sutherland House, West Sussex, RH10 0FZ United

Kingdom

Opt out Application form

Effective date: November 2014

Review date November 2015

Bae Systems Pension Scheme: Dc Retirement Plan Opt Out Application Form