BAE Systems Pension Scheme

Your benefits
Your guide to Level 100+

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August 2023
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Your guide to Level 100+

A guide to your benefits

> A guide to your benefits

> Technical terms used

> Where to go for

BAE Systems Pension Scheme Level 100+ Information
is a valuable part of your remuneration This Guide is intended as a source of
package from the Company . Level 100+ information on the main provisions of > Summary of
provides you with a range of benefits to Level 100+ that are provided from the Scheme benefits
support you and your family both now and Scheme. It is subject to changes in
in the future. future as required by HM Revenue & > What is Level 100+?
Customs and to the Rules of the Scheme
This booklet provides you with information
about Level 100+ . It is important that you
that set out the legal basis for the
Trustee’s administration of the Scheme
This booklet will provide you with information about the scheme > How does it work?

take time to read it and fully understand > Membership of

and which override any provisions
the benefits available to you. the Scheme
of this booklet with which they are
This booklet features certain terms and inconsistent. Copies of the Rules are
> Making contributions to
expressions which have specific meanings available from the Scheme administrator,
the Scheme
within the Scheme. These are shown in italics Mercer. References to external websites
which indicates that there is an explanation are given for information only. No > How to calculate
of their meaning on the ‘Technical terms responsibility is accepted for the content your pension
used’ page. or accuracy of the information provided
through these sites. > When you reach
Benefits from the BAE Systems Pension
Scheme Level 100+ are payable in addition retirement
to any pension you may receive from the
> Death benefits
State Pension arrangement. For further
details visit [Link]/BAES. > Leaving the Scheme

> HM Revenue & Customs

> General information

Contact Details
Visit the website:
[Link]/BAES

Telephone Helpdesk:
0330 818 7282

Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

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 3
Navigation
Your guide to Level 100+

Technical terms used

> A guide to your benefits
We have tried to avoid using pensions jargon in this booklet where possible, but sometimes it is unavoidable
so we have included a definition of key words here to help you to make sense of the more technical terms.
They are highlighted in italics throughout the booklet. > Technical terms used

> Where to go for

Additional Voluntary Contributions are However if you have any service before This arrangement has been available to Scheme SMART Pensions Arrangement is Information
voluntary payments you can make into a 6 April 2006 for that period of service it members since 1 July 2023 for the DC benefit provided if you are employed by companies
separate pension arrangement called the is your Basic Salary averaged over the last element of pension benefit provision, formerly wholly owned by BAE Systems or participating > Summary of
MMT . The payments are invested to provide 12 months ending on the last day of the provided within the Scheme under a ‘Retirement Joint Venture Companies, all contributions Scheme benefits
you with extra benefits at retirement in calendar month in which you leave service Account’. Any DC benefits invested before 1 (excluding any AVCs ) will be made under
accordance with the rules of the MMT or die (whichever occurs first). This is July 2023 in your Retirement Account with the SMART Pensions Arrangement, unless > What is Level 100+?
and are a type of DC benefit . subject to not exceeding the Scheme Cap . Standard Life were transferred into the you choose to opt out of the SMART Pension
MMT around that time. Arrangement . Full details of the SMART > How does it work?
Level 100+ is a section of the Scheme that
Basic Contributions are your contributions Pensions Arrangement can be found in a
opened to new members from 6 April 2023 and > Membership of
towards Core Benefits . Normal Retirement Date is the first of separate SMART booklet via the website
closed to new members on 31 March 2012. It the Scheme
the month coincident with or immediately on OneView.
is made up of two pension arrangements, your
Basic Salary is your annual rate of basic pay after your 65th birthday.
Core Pension from the Scheme and your DC > Making contributions to
received from your employer but not exceeding Benefits from the MMT . the Scheme
the Scheme Cap. Pension Commencement Lump Sum
(PCLS) is an optional cash lump sum > How
Longevity Adjustment Factor is an to calculate
Company is BAE Systems plc and any other received at retirement in exchange for part your pension
adjustment figure dependent on age, which
employer who participates in the Scheme . of your pension. It is currently not subject
is applied to the Core Pension . It will adjust
to income tax. > When you reach
the pension earned to reflect changes in life
Core Benefits are your retirement and death expectancies. Improved life expectancy may retirement
benefits linked to your Final Basic Salary. mean that future pensions are expected to Pension Rate is the cost of purchasing
be paid for longer and the Longevity Adjustment £1 of annual pension. The rates are based > Death benefits
Core Pension is your Defined Benefit Factor will reduce your pension to take account on your sex, your age and the investment
pension from Level 100+ . conditions at the time of purchase. > Leaving the Scheme
of this. The Scheme Actuary will set the amount
of this Longevity Adjustment Factor each year.
Pensionable Service is the number of years > HM Revenue & Customs
Defined Contribution (DC) benefits are
held in the separate MMT arrangement, and There are different Longevity Adjustment and complete months during which you
Factor s that apply to benefits on normal have contributed to the Level 100+ section.
> General information
include the value of the annual Company
contribution of 2% of your Basic Salary, retirement, chronic ill-health and benefits
plus any future AVC payments you make to payable following death before retirement. Qualifying Service is your Pensionable
The Longevity Adjustment Factor does Service , plus any Pensionable Service in
the MMT. Any AVCs or Company contributions
invested before 1 July 2023 with Standard not apply to any pension earned before another section of the Scheme before joining Contact Details
Life were transferred into the MMT around 6 April 2006. Level 100+ or in any other scheme from
that time. which a transfer has been made to this Scheme. Visit the website:
Mercer Master Trust (MMT) is a [Link]/BAES
Final Basic Salary is your Basic Salary completely separate pension arrangement Scheme is the BAE Systems Pension Scheme.
averaged over the 36 months ending on the which is administered by Scottish Widows. Telephone Helpdesk:
last day of the calendar month in which you This Defined Contribution (DC) pension Scheme Cap is the maximum earnings 0330 818 7282
leave service or die (whichever occurs first). arrangement is called the MMT – BAE Systems used in any calculation of your contributions
This is subject to not exceeding the Additional Retirement Savings Plan (BAESARSP). and benefits. This figure will normally be Address:
Scheme Cap . If you are a member of the Scheme Airbus increased each year. Mercer, Maclaren House, Talbot Road,
Section this is called the MMT – BAE Systems Stretford, Manchester, M32 0FP
Additional Retirement Savings Plan for Scheme Year is from 6 April to the
Airbus (BAESRSPAB). following 5 April.
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 4
Navigation
Your guide to Level 100+

Where to go for Information

> A guide to your benefits

> Technical terms used

> Where to go for

Raising a request or query OneView Member Portal Digital Communications Opting out of Digital Communications Information
Mercer Limited (‘Mercer’) is the Scheme From the website you will be able to access The Trustees are keen to move away from If you would like to receive all of your > Summary of
administrator. To raise a request or query, OneView, the one-stop shop for Scheme sending paper-based communications and communications by post (including all Scheme benefits
please contact Mercer using the details information. You can view the current are in favour of using digital communications general communications which will be
on the right hand side of the page. If you estimated value of your retirement benefits, instead. This is for a number of reasons placed on OneView) you will still be able > What is Level 100+?
use the website you are able to upload run an estimated retirement quote to help including: to do so. You will need to let Mercer
any document if you would like to, rather plan for your retirement*, run an instant know that you wish to opt-out of digital > How does it work?
> I t is important that we can contact you
than send them by post. Any information (non-guaranteed) transfer value quote and communications by confirming your full
quickly with Scheme information – it is > Membership
provided by you to Mercer digitally via the update your nomination of beneficiaries name and National Insurance number, the of
much easier to achieve this digitally
website will be encrypted. By using this route: online. Having received an estimated value full name of the Scheme / section you are the Scheme
than via the postal service.
of your retirement or transfer benefits, please in and that you wish to opt-out of receiving
>  ou will know instantly that your enquiry
Y > Making contributions to
contact Mercer to obtain the relevant instruction >  he carbon footprint of sending
T digital communications.
has been received and is being processed; the Scheme
/ paperwork to proceed with a request. Other information out digitally is far smaller
>  ou can access the digital service at any
Y information held on OneView includes this than our current method of print and
> How to calculate
time of the day or night; Scheme Booklet, annual newsletters, funding postage – this allows a better use of
updates, annual benefit statements (where your pension
Scheme resources and is more
> I f you cannot find the answers you need provided), monthly payslips for pensioners, environmentally friendly. > When
online, you can send a question to the you reach
information about the SMART Pensions
administration team. >  he saving in printing and postage
T retirement
Arrangement and much more besides.
costs will be retained in the Scheme .
> Death benefits
If Mercer hold your email address (either
personal or work), Mercer will be able to > Leaving the Scheme
let you know when general communications
have been added to OneView. Mercer will > HM Revenue & Customs
also send any communications that would
have automatically gone to your home
> General information
address or respond to any requests you
make via email.
If Mercer do not hold an email address
for you, any automatic communications
Contact Details
or individual requests will be answered * T here will be a few exceptions Visit the website:
by post (or by telephone where relevant). where OneView cannot provide [Link]/BAES
quotes, such as members who are
working overseas and those with Telephone Helpdesk:
complicated benefit histories. You 0330 818 7282
should contact Mercer directly if
you experience any problems in
generating an online quote. Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

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 5
Navigation
Your guide to Level 100+

Summary of Scheme benefits

> A guide to your benefits

> Technical terms used

> Where to go for

Information
When you retire Death benefits If you leave
> Summary of
Scheme benefits

With more than > What is Level 100+?

A pension for life In service In retirement In deferment 2 years’ Qualifying
Service > How does it work?

or > Membership of
the Scheme
Deferred benefits
A reduced pension for life Spouse’s pension Spouse’s pension Spouse’s pension > Making contributions to
or a transfer to
plus a tax free cash sum payable for life payable for life payable for life the Scheme
another scheme

> How to calculate

+ + +
your pension
If within five years of
> When you reach
Lump sum retirement, balance of Lump sum
retirement
pension paid as lump sum
> Death benefits

> Leaving the Scheme

> HM Revenue & Customs

> General information

Contact Details
Visit the website:
[Link]/BAES

Telephone Helpdesk:
0330 818 7282
As a member of the Scheme, you have access
to a number of valuable benefits Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

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 6
Navigation
Your guide to Level 100+

What is How does

> A guide to your benefits

> Technical terms used

Level 100+? it work? > Where to go for

Information

> Summary of
The core part of your pension under Core Pension Scheme benefits
Level 100+ is linked to your level of
The main part of your pension under
Core Pension from the Scheme DC Benefits savings in the MMT
basic salary near the time you leave > What is Level 100+?
the Scheme or retire. Level 100+ is linked to your level of
Basic Salary near the time you leave > How does it work?
Level 100+ is a pension arrangement the Scheme or retire. Your pension 1% 2% Company Contribution
based on two types of pension provision; builds up at 1% (1⁄100) of your Final > Membership of
these are Defined Benefit (from the Basic Salary for each year that you are x +
the Scheme
Scheme) and Defined Contribution a contributing member; this is the final
(from the MMT ). salary part of your pension and is Final Basic Salary Your Additional Voluntary > Making contributions to
called your Core Pension . Contributions (if any) the Scheme
x
Defined Benefit pension +
> How to calculate
A Defined Benefit pension (otherwise Defined Contribution (DC) benefit Pensionable Service
Investment returns** your pension
known as ‘final salary’ pension) is based The second part of your pension is in
on your salary near to the date you leave addition to your Core Benefits is your x > When you reach
or retire and the number of years that DC benefit which is held in the separate retirement
you contribute. In a Defined Benefit MMT arrangement. The Company allocates Longevity Adjustment Factor *
arrangement the Company agrees to an amount equal to 2% of your Basic > Death benefits
pay the balance of the cost of the Salary to this DC arrangement each
employee’s pension. year. You may choose to pay Additional > Leaving the Scheme
* N ot applicable to any service before 6 April 2006
Voluntary Contributions into your DC
> HM Revenue & Customs
Defined Contribution pension benefit savings in addition to your ** I t is important to note that investment returns may be positive or negative.
contributions to your Core Benefits.
A Defined Contribution pension is based on > General information
Any transferred-in benefits will also
the contributions paid and the investment be added to your DC benefit savings
returns achieved. The Company pays a fixed (see page 15).
percentage of your salary into the MMT
on your behalf. The fund then builds up You can choose how your DC benefit Contact Details
over your working life and can normally savings are invested from a range of
be taken as a lump sum or is used to options selected for you by the MMT Visit the website:
buy a pension when you retire. The risk Trustee. When you come to retire, you [Link]/BAES
that the value of your investments will can choose how to use your DC benefit
fall, or that the cost of buying a pension in accordance with the rules of the Telephone Helpdesk:
may increase, is with you, not the Company. MMT . For more information see page 9. You can choose how your DC Benefit 0330 818 7282
Defined Contribution is also referred to
as ‘money purchase’. savings are invested in the MMT Address:
The remaining part of the Core Benefits Mercer, Maclaren House, Talbot Road,
from Level 100+ is provided from the Stretford, Manchester, M32 0FP
Scheme , which may provide for your
dependants on your death either in service
or in retirement and the possibility of an < Previous Next >
ill-health pension if you are unable to work.
 7
Navigation
Your guide to Level 100+

Membership of the Scheme

> A guide to your benefits

> Technical terms used

> Where to go for

Level 100+ is no longer accepting new members. Information
Contributing members continue to earn benefits from Level 100+ in accordance with this
> Summary of
booklet and the Rules in force from time to time.
Scheme benefits

Opting out > What is Level 100+?

Membership of Level 100+ is not a compulsory part of employment with the Company . > How does it work?
As a member of Level 100+ you can opt out at any time. Ceasing membership of Level
100+ means opting out of both the Scheme and MMT. > Membership of
You will be required to give the Trustee and the Company two months’ written notice of the Scheme
your intention to leave Level 100+ . At the end of the pay period in which your two month
> Making contributions to
notice period expires you will be treated under Level 100+ as if you had left service.
the Scheme
You will then lose:
> How to calculate
benefit of the Company ’s contributions towards the cost of future pension provision
> T he
your pension
under Level 100+ .
protection provided by Level 100+ to you and to your family in the event of your
> T he > When you reach
death in service. retirement
> T heprotection provided by Level 100+ to you and your family in the event of your early
> Death benefits
retirement from the Company on account of serious ill-health.
> T he opportunity to earn a pension linked to your Basic Salary and Pensionable Service . > Leaving the Scheme
To opt out of the Scheme please contact the Scheme administrator Mercer, using the contact
> HM Revenue & Customs
details on the right hand side of this page. If you subsequently change your mind please
note that re-entry into the Scheme is not allowed. > General information

The decision to opt out is yours alone but you should give careful consideration before
doing this and you may wish to consult with an Independent Financial Adviser. Full
details about how you can access free financial guidance and what to consider before Contact Details
appointing an Independent Financial Adviser can be found in a separate Pension Guide
via the website on OneView. Visit the website:
[Link]/BAES

Telephone Helpdesk:
0330 818 7282

Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

< Previous Next >

 8
Navigation
Your guide to Level 100+

Making contributions to the Scheme

> A guide to your benefits

> Technical terms used

> Where to go for

Your contributions How the contributions are used Part-time employment If, however, you are absent as a result of Information
parental leave you will be treated as if you
Core Pension If, during the same period of continuous have left service unless you return to work > Summary of
Your Basic Contributions , together with Pensionable Service, you have been in full-time at the end of that period of leave. In this Scheme benefits
You pay 4% of your Basic Salary contributions from the Company, are invested employment and part-time employment, or case, your periods of service before and
towards the Core Benefits of Level 100+. by the Trustee as part of the total assets of the basic number of hours a week worked after that leave will be treated as continuous > What is Level 100+?
These are your Basic Contributions . the Scheme . Those assets are used to in part-time employment has varied from but will exclude the period of parental leave
+ provide benefits linked to your Final Basic time to time, the Trustee will calculate your itself. A period of parental leave will only be > How does it work?
Salary and Pensionable Service as set out benefits as it considers appropriate after treated as service if, on your return to work,
You may also pay Additional Voluntary in the Rules of the Scheme . taking account of the number of hours worked. you pay contributions in respect of that period > Membership of
Contributions to your DC Benefit Full details about how your Scheme pension the Scheme
as if you had been working normally.
savings in the MMT
Defined Contribution Benefits (and related benefits) may be affected if
> Making contributions to
you are considering working part-time can
in the Mercer Master Trust the Scheme
SMART Pensions arrangement be found in a separate Working part-time

Provided you are employed by companies

All members in Pensionable Service are able
to pay Additional Voluntary Contributions (AVCs)
Pension Guide via the website on OneView.
Basic Contributions are 4% > How to calculate
wholly owned by BAE Systems or participating
companies, all contributions to Core Benefits
on a Defined Contribution (DC) basis to the Temporary absence of your basic salary towards your pension
separate ‘Master Trust’ pension arrangement
will be made under the SMART Pensions with the MMT administered by Scottish Widows. If you are temporarily absent from work, the Core Benefits > When you reach
retirement
arrangement, unless you choose to opt The Company contribution allocated to the your membership of Level 100+ will continue
out of SMART Pensions. Full details of the MMT , together with any AVCs you elect to for as long as you pay contributions into Level
> Death benefits
SMART Pensions arrangement can be found pay, are invested with Mercer. 100+ . If you take paid absence from work,
in a separate SMART Pensions booklet via you will continue to pay contributions and
It is very important to review your investment
> Leaving the Scheme
the website on OneView. this period will count in full towards your
choices regularly so that you can make changes pension. > HM Revenue & Customs
as your circumstances change. If you do
Income tax relief not make an investment choice regarding If you stop paying contributions to Level 100+,
your Pensionable Service will cease. On
> General information
Any contributions you choose to make your DC benefits, they will be invested in the
are deducted from your pay before tax Default Investment Option which is currently recommencing contributions, your Pensionable
is calculated; therefore, you automatically the Cash Lifestyle Investment Profile. Service before and after the break will be
treated as continuous. If you are absent
receive income tax relief at your highest
rate although some restrictions apply to
Full details can be found in the MMT because of sickness or injury and you stop Contact Details
Member guide by visiting scottishwidows. paying contributions, you will be treated as
high earners (see page 14 for further
[Link]/save/baesarsp, which also includes remaining in Pensionable Service for up to Visit the website:
information).
information about investment choices one year from the date you were first absent. [Link]/BAES
available. Please remember that the value
Company contributions of investments can go down as well as up If you are absent as a result of maternity,
Telephone Helpdesk:
and the value of your DC benefits at any adoption or paternity leave, you will be
The rate of Company contributions is 0330 818 7282
time will depend upon the contributions treated as still in service for as long as
agreed between the Company and the you have a statutory or contractual right to
Trustee and with advice from the Scheme paid in, the investment performance and
return to work. You will pay contributions Address:
Actuary, who carries out regular reviews fund charges of your chosen funds.
on any amount of pay (including any statutory Mercer, Maclaren House, Talbot Road,
of the financial position of the Scheme . maternity, adoption or paternity pay) made Stretford, Manchester, M32 0FP
In addition, the Company will allocate an while you remain employed by the Company .
amount equal to 2% of your Basic Salary
to your DC Benefit savings in the MMT .
< Previous Next >
 9
Navigation
Your guide to Level 100+

How to calculate your pension

> A guide to your benefits

> Technical terms used

> Where to go for

Level 100+ provides pension benefits in two parts: Core Benefits which are Defined Information
Benefit savings in the Scheme, and those in the Mercer Master Trust (MMT) which are
Defined Contribution savings (see page 6). > Summary of
Scheme benefits
Core Pension More details about these options can be found
in the Pension Guide ‘Pension Flexibilities’ > What is Level 100+?
Your Core Pension is 1% of your Final Basic via the website on OneView and by visiting
Salary for each year of Pensionable Service the MMT website at [Link]/ > How does it work?
adjusted by the Longevity Adjustment Factor . save/baesarsp. You could decide to receive
> Membership of
The factor varies depending on your age a PCLS from the Scheme of up to 25% of
the value of your Scheme benefits and also the Scheme
when you retire, and will be calculated at
the same time as your Core Pension. The receive a separate tax-free PCLS of up to 25%
> Making contributions to
Longevity Adjustment Factor is not applied of the value of your MMT account. You may
the Scheme
to any part of your pension earned before also wish to take your MMT benefits at a
6 April 2006. different time to your Scheme benefits (earlier > How to calculate
or later) or choose to transfer these to your pension
Your Final Basic Salary will be restricted to another arrangement.
the Scheme Cap if appropriate. > When you reach
retirement
Defined Contribution (DC) Benefits Your Level 100+ pension
> Death benefits
When you take your Scheme benefits you
can elect to transfer your DC benefits held > Leaving the Scheme
in the MMT to the Scheme and use them Core Benefits in the Scheme
to provide your PCLS (subject to maximum > HM Revenue & Customs
limits – see below).
+ > General information
The maximum amount that can be transferred
back will be based on a figure that when Defined Contribution
added back together with your Scheme benefits Benefits in the MMT
equates to the maximum PCLS you are allowed
to take (normally c25% of the total value of Additional Voluntary Contributions Contact Details
your pension benefits). On the rare occasion (optional)
that if, when added back together there is an + Visit the website:
excess amount over and above the maximum [Link]/BAES
Company contributions 2% of Basic Salary
PCLS allowed, this amount will remain in
+ Telephone Helpdesk:
the MMT for you to use in accordance with
options under the MMT. Investment returns (positive or negative) 0330 818 7282
+
Alternatively, at retirement you may choose to
keep all of your savings in the MMT in order Transfers in Address:
to access the additional pension flexibilities Mercer, Maclaren House, Talbot Road,
available through the MMT such as income Stretford, Manchester, M32 0FP
drawdown or to purchase an annuity on the
Open Market.
< Previous Next >
 10
Navigation
Your guide to Level 100+

When you reach retirement

> A guide to your benefits

> Technical terms used

> Where to go for

Retiring from Pensionable Service Retiring early from Pensionable The basis of the calculation of the medical Retiring from Pensionable Service Information
retirement pensions is illustrated in the
at your Normal Retirement Date Service on medical grounds following diagram:
after your Normal Retirement Date
> Summary of
Core Pension If you cannot work due to ill-health, you Contributions to Level 100+ will continue Scheme benefits
If you retire at your Normal Retirement may retire at any age with an immediate as described on page 8 and your pension
Date you will receive a pension that is pension, subject to certain conditions and Incapacity will be calculated as shown on page 6 at > What is Level 100+?
calculated as shown on page 6. with the consent of the Trustee and the your actual retirement date, but with the
Company . There are two levels of benefits = Longevity Adjustment Factor applied as > How does it work?
Defined Contribution (DC) Benefits
payable, depending upon the severity at your Normal Retirement Date . You will
For details of your DC benefit options > Membership of
of your illness. Core Pension continue to be covered for Level 100+ death
at retirement in the MMT please refer the Scheme
Without application of the early in service benefits until you retire.
to page 9. Incapacity is defined as having a physical
retirement reduction factor
or mental condition which, in the opinion > Making contributions to
Retiring from Pensionable Service of the Trustee, permanently prevents you How your pension will be paid to you the Scheme
from carrying out the primary duties of
before your Normal Retirement Date your occupation.
Your pension from the Scheme will be paid
> How to calculate
in advance on the first working day of each
except on medical grounds Chronic ill-health calendar month direct to your bank or building
your pension
Chronic ill-health is defined as having
You may be permitted to retire at any time a physical or mental condition which, in society account. If you opt to use your DC > When you reach
after age 55 and receive an immediate pension, the opinion of the Trustee, permanently = Benefits in the MMT to purchase a pension, retirement
subject to the consent of the Trustee and prevents you from undertaking any regular this will be paid to you separately. Pension
the Company . work for the Company or any other employer. Incapacity Pension payments are treated as earned income and > Death benefits
are subject to tax under the PAYE system,
Core Pension + using a tax code provided by HM Revenue
If you retire early, your Core Pension will be
> Leaving the Scheme
50% of your prospective Core Pension & Customs, but are not subject to National
reduced by a factor to account for the extra Restricted terms
as described below Insurance deductions. > HM Revenue & Customs
years over which your pension will potentially
If you are a member admitted on the
be paid. The early retirement reduction Payslips are available to view on OneView.
basis of restricted terms, the basis of > General information
factors are agreed between the Company At the discretion of the Trustee and the If you do not sign up to digital communications
your pension payable on retirement on
and the Trustee on advice from the Scheme Company, incapacity pensions may be subject (see page 4) further payslips will only be
medical grounds will be as previously
Actuary. They are reviewed periodically and to an early retirement reduction factor. Your sent to you when there is a variation in
notified to you.
may change from time to time. prospective Core Pension is 1% of Final Basic your pension amount of more than £10
compared to the prior month.
Contact Details
Defined Contribution (DC) Benefits Salary for each year between retirement and
For details of your DC benefit options your Normal Retirement Date adjusted by the Visit the website:
at retirement in the MMT please refer Longevity Adjustment Factor . The Trustee [Link]/BAES
to page 9. has the power to reduce or suspend the
pensions described above if, in its opinion,
Telephone Helpdesk:
this is justified by a subsequent change in
0330 818 7282
your circumstances. Your DC benefit options
in the MMT set out on page 9 are also available.
In addition if you were considering using your Address:
DC benefits in the MMT to purchase an Mercer, Maclaren House, Talbot Road,
annuity you may be able to secure better Stretford, Manchester, M32 0FP
rates due to ill-health. For more information,
please refer to the MMT website at
[Link]/save/baesarsp. < Previous Next >
 11
Navigation
Your guide to Level 100+

When you reach retirement

> A guide to your benefits

> Technical terms used

> Where to go for

Pension increases Protected Pension Ages Transferring benefits Information
Your Core Pension earned in Level 100+ Certain Scheme members may enjoy a Protected Since 6 April 2015, members with money > Summary of
will normally be increased on 1 May each Pension Age (‘PPA’) which permits Scheme purchase or defined contribution savings Scheme benefits
year. Proportionate increases are given in benefits to be accessed before the Normal have been able to access more of their
the first Scheme Year of retirement to any Minimum Pension Age (‘NMPA’) which is pension benefits as cash from age 55 > What is Level 100+?
pension beginning after 1 May. currently 55 (increasing to 57 from April (subject to payment of income tax). These
2028). The NMPA is the minimum age at options are not available for your benefits > How does it work?
Your Core Pension will be increased annually
which an individual can access their in the Scheme. If you wish to access funds
by the rise in the Retail Prices Index (RPI) > Membership
pension savings without incurring an in this way, you will need to transfer your of
subject to a maximum increase of 2.5% per
unauthorised payments tax charge. Under Scheme benefits to a defined contribution the Scheme
year and for any service before 6 April 2006,
the Scheme members retiring from deferred pension arrangement offering these
up to a maximum of 5% per year. These > Making contributions to
status have a PPA of age 50 if they joined flexibilities and you may need to take
increases do not apply to a pension purchased the Scheme
the Scheme before 6 April 2006. No PPA independent financial advice before doing
using your DC benefits in the MMT. If you
applies on retirement from active status. so. Please refer to page 13 for information
use your DC benefits to purchase a pension > How to calculate
about transferring out.
with an external provider, increases on that Please note that the Scheme PPA cannot be your pension
pension will be at the rate you have chosen. recognised under the Mercer Master Trust
and, therefore, any former Scheme AVCs > When you reach
If you have switched from one of the other retirement
which are not transferred back to the Scheme
sections of the Scheme , the pension earned
at retirement and which are used to purchase
prior to joining Level 100+ will be increased > Death benefits
retirement benefits under the Mercer Master
in accordance with the Rules of that section.
Trust, will not be accessible before the
NMPA as applies from time to time. > Leaving the Scheme
Pension Commencement Lump Sum
If you have any queries about this issue > HM Revenue & Customs
(PCLS) option please contact Mercer.
Subject to the consent of the Trustee, > General information
you may usually exchange up to 25% of the
value of your pension for a tax free PCLS on
retirement. The amount of annual pension
that you will need to give up for cash depends Contact Details
on your age at retirement. The rates are
calculated by the Scheme’s Actuary and may Visit the website:
change from time to time. The maximum PCLS [Link]/BAES
has been set at £268,275 (this is 25% of the
Lifetime Allowance in place for the 2022/23 Telephone Helpdesk:
tax year) however it may be higher for members 0330 818 7282
who have a Lifetime Allowance protection
(please refer to page 14).
Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

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 12
Navigation
Your guide to Level 100+

Death benefits
> A guide to your benefits

> Technical terms used

> Where to go for

Death in service Death in retirement Death with deferred benefits on Payment of lump sum death benefits Information
If you die while you are a contributing member, If you die while receiving a pension from or after your Normal Retirement Date The lump sum death benefit payable from the > Summary of
the following benefits will be paid: Level 100+ the following benefits will be paid: If you die on or after your Normal Retirement Scheme will be paid to, or for the benefit of, Scheme benefits
Date before your pension has started, your your dependants, relatives or nominees, chosen
surviving spouse will receive a pension of at the Trustee’s discretion. This generally > What is Level 100+?
A lump sum death benefit equal to Your spouse’s pension 50% of the Core Pension you would have enables payment to be made quickly and
three times your Basic Salary at your received if you had retired immediately normally without liability to inheritance tax. > How does it work?
This will be equal to 50% of your Core
date of death. before your death, without giving up
Pension (ignoring any reduction to take Lump sum death benefits payable from > Membership of
+ account of the fact that you chose to pension for a lump sum. In addition, the the Scheme will be paid at the Trustee’s
five year payment guarantee will apply in the Scheme
exchange part of your Core Pension for discretion to:
A lump sum equal to the value of your a cash sum) Depending on the options respect of this notional retirement pension.
> Making contributions to
DC benefits (payable from the MMT) . you chose at retirement for your DC A lump sum equal to the value of your DC
Dependants the Scheme
benefits, there may or may not be benefits will also be payable from the MMT .
+ additional benefits due to a beneficiary or > How to calculate
in respect of your DC benefits. For more Payment of spouse’s, civil partner’s Beneficiaries or Nominees your pension
A spouse’s pension equal to 50% of the information, please go to the MMT website
chronic ill-health pension you would have and dependant’s pension
at [Link]/save/baesarsp or > When you reach
received had you retired with a chronic The pension is paid to your spouse or civil retirement
ill-health pension on the date of your + partner at the date of your death, although Relatives
death (see page 10). the Trustee has discretion to reduce, or not > Death benefits
The five year payment guarantee to pay this pension if the marriage or civil Nomination of Beneficiaries – Take Action
partnership had broken down. The pension > Leaving the Scheme
If you die whilst receiving a pension
is payable for life and will commence on It is very important that you nominate your
from Level 100+ within the first five years > HM Revenue & Customs
the first day of the month following the beneficiaries in relation to your pension and
after your retirement (and are aged under
date of death. provide the Scheme Trustee with an indication
The Scheme provides 75), a lump sum equal to the unpaid
balance of five years’ pension payments In certain circumstances, the Trustee may of who you would like your lump sum benefits
> General information

benefits to your from the Scheme (at the rate applicable at its discretion pay the pension to another
paid to in the event of your death. The Trustee
is not bound by your wishes but it will take them
at the date of death disregarding future person. However, if you had been married
dependants if you die increases) will be paid. or in a civil partnership for less than six
into account when exercising its discretion.
Please do take the opportunity via the website Contact Details
months, the Trustee has discretion to and through OneView to update your Nomination
decide whether your spouse or civil partner of Beneficiaries form online.
Death with deferred benefits prior should receive the pension.
Visit the website:
[Link]/BAES
to your Normal Retirement Date Please be aware that you must complete a
separate Nomination of Beneficiaries for your
If you die after leaving Level 100+ and are Restricted terms DC benefits held under the MMT whereby Telephone Helpdesk:
entitled to a deferred pension (see page 13), the MMT Trustee will have ultimate discretion 0330 818 7282
your surviving spouse will receive a pension If you are a member admitted on the for these benefits. Please go to scottishwidows.
of 50% of your Core Pension revalued to basis of restricted terms, your benefits [Link]/save/baesarsp for more information. Address:
the date of your death and adjusted by the may be restricted. If you are affected Scottish Widows are the MMT scheme Mercer, Maclaren House, Talbot Road,
Longevity Adjustment Factor. In addition, a by restricted terms you will be notified administrator. You can also contact the Stretford, Manchester, M32 0FP
lump sum equal to the value of your DC benefits on joining. Scottish Widows Workplace Saving
will also be payable from the MMT. If you have Team on 0800 015 2038 or via email
no surviving spouse, a refund of your Basic workplacesavings@[Link].
Contributions will be payable. < Previous Next >
 13
Navigation
Your guide to Level 100+

Leaving the Scheme

> A guide to your benefits

> Technical terms used

> Where to go for

If you leave the Company before you reach Late payment of your deferred pension If you are a deferred member and wish to Information
retirement, your membership of Level 100+ Information issued on Leaving get a guaranteed CETV, you can request this
will cease. You can also choose to cease your If the Trustee agrees, you may be able to via the website under ‘Make a request’ and > Summary of
membership of Level 100+ whilst you are still elect to receive the pension starting later than ‘Transfer Value’. If you do not complete the Scheme benefits
an employee of the Company by ‘opting out’. When you leave Level 100+, you will be your Normal Retirement Date but not later than transfer paperwork within the three month
given a Certificate of Deferred Benefits your 75th birthday. Your Core Pension will period (including providing the administrator > What is Level 100+?
The options available if you decide to increase between your Normal Retirement
for your benefits in the Scheme and it is with the information they need for their checks)
leave the Scheme are dependent on your Date and the date that you actually retire by
important that you keep this safe. It is you will have to apply for another CETV which > How does it work?
Qualifying Service within Level 100+ . a factor agreed between the Trustee and the
also very important that you keep the could be higher or lower than the amount
Scheme administrator Mercer informed of Company, who will be advised by the Scheme before. Deferred members are permitted to > Membership of
any change of address to ensure that you Actuary. For details of your DC benefit options receive one CETV in any 12 month period. the Scheme
If you have 2 or more years’ at retirement in the MMT please refer to
can be traced when your benefits become If an additional CETV is required within 12
Qualifying Service page 9. Alternatively, you may purchase
due. You will be sent a letter from the months a charge will be levied. > Making contributions to
You will be entitled to a deferred pension MMT administrator, Scottish Widows, a pension from an external provider. the Scheme
payable when you reach your Normal shortly after leaving. When the fully completed paperwork, together
with any additional evidence requested is
Retirement Date or you may transfer its Transferring out received (which may include evidence that
> How to calculate
value to another pension arrangement. your pension
Early payment of your deferred pension As an alternative to leaving your Core independent financial advice has been received),
Pension deferred benefits in the Scheme, the Scheme administrator must pay the benefits > When you reach
Your deferred pension can be paid at you may choose to take a transfer payment to your new scheme within 6 months from retirement
Your Core Pension will be calculated as set
any time after the first day of the month to either your new employer’s scheme or to the start of the transfer process i.e. the
out on page 6 and will initially be based on
following your 55th birthday or from 50 if another pension arrangement. If you wish date that the CETV was first calculated. > Death benefits
your Final Basic Salary and Pensionable
you joined the Scheme before 6 April 2006. to transfer these benefits the first step is to
Service on the date you leave Level 100+ . Please note that the Trustee will need to
If you take your Core Pension early it will obtain your Cash Equivalent Transfer Value > Leaving the Scheme
Contributions towards your DC benefits in complete detailed checks before deciding
be reduced to allow for the extra years over (CETV). This is the cash value the Scheme
the MMT will cease on the date you leave whether it can comply with your request to
which your pension will potentially be paid. will offer you in exchange for you giving up > HM Revenue & Customs
Level 100+, but your DC benefits will continue transfer. The checks determine whether the
The level of reduction will be agreed between your Core Pension Defined Benefit pension
to be subject to investment returns (please request meets the conditions to enable a
the Trustee and the Company , who will be rights (including death benefits but excluding > General information
remember that investments may go down statutory right to transfer and help reduce
advised by the Scheme Actuary. any allowances for any discretionary benefits).
as well as up). For details of your DC benefit the risk of members being subject to pension
options at retirement in the MMT please For details of your DC benefit options You must have left Pensionable Service at scams. Most transfer requests are likely to
refer to page 9. at retirement in the MMT please refer to least one year before the Scheme’s Normal be straightforward, however others may take
Your Core P ension will increase in line with
page 9. Alternatively, you may purchase Retirement Date to apply for a CETV and up to the statutory 6 months’ timeframe. Contact Details
a pension from an external provider. can accept it any time up to a year before
the Consumer Prices Index (CPI) up to a The CETV will contain details of your Core
the Scheme’s Normal Retirement Date. The Visit the website:
maximum of 2.5% per year compound over Pension guaranteed Defined Benefits. If you
CETV is guaranteed for three months from [Link]/BAES
your period of deferment and for any Core have DC benefits in the MMT then you will
Discretionary Option the date of calculation. You must no longer
Pension relating to service before 6 April need to contact the scheme administrator,
be in Pensionable Service for the guarantee Telephone Helpdesk:
2009, up to a maximum of 5% per year Scottish Widows to transfer these benefits
period to apply. If you are still in Pensionable 0330 818 7282
compound. to your preferred provider. Please go to
The Trustee has the discretion to apply Service, the CETV will be an estimate and
You may also have the option to exchange more favourable terms if you are able to [Link]/save/baesarsp for
can’t be guaranteed. Most deferred members
more information. Address:
part of your retirement benefits for a PCLS satisfy the Trustee that, due to your state and members in Pensionable Service can
of health, you are unable to perform any Mercer, Maclaren House, Talbot Road,
when you reach retirement. get an instant indicative CETV quote at any
remunerative employment with any employer. Stretford, Manchester, M32 0FP
time via the website through OneView.
You may apply for ill-health retirement at any
time before your Normal Retirement Date .
< Previous Next >
 14
Navigation
Your guide to Level 100+

HM Revenue & Customs

> A guide to your benefits

> Technical terms used

> Where to go for

A registered scheme Restrictions Information
The BAE Systems Pension Scheme is The income tax relief concessions are, Tapered Annual Allowance: In April Money Purchase Annual Allowance:
> Summary of
a registered scheme. This means that in effect, clawed back if certain restrictions 2016 HMRC introduced the Tapered Annual If you have flexibly accessed and started
Scheme benefits
certain tax concessions apply subject are breached. The two main restrictions Allowance for high earners and since April to take money from a defined contribution
to certain restrictions. that apply are described below, although 2023 the Tapered Annual Allowance has (money purchase) pension, the amount you > What is Level 100+?
the majority of members are unlikely to reduced the standard Annual Allowance by £1 can then pay into a defined contribution
be affected by them. for every £2 of ‘adjusted income’ between arrangement such as AVCs and still get tax > How does it work?
The tax concessions currently £260,000 and £360,000. Broadly, ‘adjusted relief reduces. This is known as the Money
in place are: Lifetime Allowance income’ includes personal sources of income Purchase Annual Allowance and it is currently > Membership of
The Lifetime Allowance was a limit on the (such as investment income or income from £10,000. This allowance covers both your own
>  ull income tax relief on any
F the Scheme
value of pension benefits you could build up a buy-to-let property), employment-related contributions and any other contributions
contributions you make to the Scheme, in your lifetime without paying an additional income and a measure of the increase in paid into your pension pot on your behalf. > Making contributions to
although some restrictions apply. tax charge. The Lifetime Allowance tax charge pension savings over the tax year. Anyone If you pay into a defined contribution the Scheme
>  ax free cash sums may be payable
T was removed from 6 April 2023, and the with an adjusted income of over £360,000 arrangement and are subject to the MPAA,
on retirement and death. Lifetime Allowance will be removed completely has a fully Tapered Annual Allowance of then you can accrue defined benefits up > How to calculate
>  ax advantages for the Scheme
T from 6 April 2024. The standard Lifetime £10,000. The Tapered Annual Allowance may to the Annual Allowance less any defined your pension
investments in respect of certain Allowance for the 2022/23 tax year was also be reduced for anyone who is also subject contribution payments up to the MPAA.
£1,073,100, which is equivalent to a total to the Money Purchase Annual Allowance. > When you reach
income and capital gains from
investments. pension of £53,655 a year. If you have retirement
previously applied to HM Revenue & Customs It is important to note that since April 2020 Please be aware that in any tax year
for protection, a different Lifetime Allowance the standard Annual Allowance is not reduced you cannot claim tax relief on your > Death benefits
will apply to you. if your threshold income for the tax year was contributions to pensions schemes
Pension Commencement £200,000 or less (or £110,000 for the tax in excess of your annual earnings. > Leaving the Scheme
Lump Sums (PCLS) Annual Allowance years 2016/17 to 2019/20), no matter what Your contributions include Additional
The Annual Allowance is a threshold for how your adjusted income was. Threshold income Voluntary Contributions but not > HM Revenue & Customs
The amount of tax free PCLS you can much total retirement benefit you can build is broadly your adjusted income excluding contributions made by the Company
take is calculated at retirement, but will up each year across all registered pension the value of your pension benefits over the > General information
under SMART.
be approximately 25% of the value of your schemes, before incurring additional tax tax year.
benefits. For those without HM Revenue & charges. Any excess pension savings above
Customs protection the maximum PCLS is the Annual Allowance are subject to a tax
frozen at £268,275 (25% of the final Lifetime
Allowance in place for the 2022/23 tax year)
charge, which will be collected through the Contact Details
self-assessment process. For most members
and will be frozen thereafter. When you take the Annual Allowance is currently £60,000 Visit the website:
your Scheme pension benefits you have the but it is less for high earners. [Link]/BAES
option to transfer your DC benefits held in the
MMT into the Scheme and use it to provide
Telephone Helpdesk:
your tax free PCLS (subject to maximum
0330 818 7282
limits). Please refer to page 9 for more details.
If you believe you may be affected by the restrictions set out above, it is recommended that you seek independent financial advice. The pensions
tax restrictions may change in the future. Further information on all these restrictions is available at [Link]/tax-on-your-private-pension Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

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 15
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Your guide to Level 100+

General information
> A guide to your benefits

> Technical terms used

> Where to go for

Management of the Scheme AVC transfers Divorce Amendments to the Scheme Information
The Scheme is established under a trust Members can choose to transfer the Divorce proceedings may result in the issue The Company with the consent of the Trustee, > Summary of
administered by a Trust Company, BAE Systems value of their legacy AVCs in the Scheme of a Pensions Sharing Order by the Court. may, by deed, amend the Scheme at any
time. You will be given written notice if your Scheme benefits
Pension Scheme Trustees Limited, which has to another pension arrangement, even Pensions Sharing is not mandatory but it
its own Board of Directors (known as the while they remain in Pensionable Service . is available as an alternative to pensions benefits or rights under the Scheme are
> What is Level 100+?
Trustee). The Board comprises 18 Trustees; This has been introduced to offer greater earmarking or the offsetting of pensions materially affected by such amendment(s).
9 are appointed by the Company, 8 nominations flexibility to members in their retirement against other matrimonial assets. The Company intends to maintain the Scheme > How does it work?
from active members are elected by member planning. Members can transfer to any for the future, but in the unlikely event of it
representatives sitting on the Scheme’s registered external pension arrangement,
Consultative Committee and 1 is elected subject to the necessary checks being
Financial advice being discontinued, the Trustee would use > Membership of
the assets of the Scheme to provide benefits the Scheme
by the Pensioners’ Consultative Committee. satisfied. The Company , its employees and the Trustee for the members in accordance with the
The Trustee is responsible for the correct are not authorised under the Financial Services Scheme Rules. > Making contributions to
If you are interested in pursuing this option
operation of the Scheme through its managers, and Markets Act 2000 as amended by the the Scheme
for any legacy AVCs held in the Scheme , Increased or additional benefits may be
with the assistance, where appropriate, of Financial (Banking Reform) Services Act
please contact the Scheme administrator provided from the Scheme at the discretion of
other professional advisers. Benefits under 2013. This means that they cannot give > How to calculate
Mercer using the details on the right hand the Company, subject to the Company paying
the Scheme are provided from a fund of investment advice or any advice regarding any additional contributions that the Trustee your pension
side of the page.
investments (and not allocated to individual your membership of the Scheme . The may require after taking actuarial advice.
members), which is professionally managed You should view the guidance provided by information in this booklet is intended to > When you reach
on behalf of the Trustee. the Government’s MoneyHelper service and help you make your own decision. However, Internal Dispute Resolution Procedure retirement
are urged to obtain independent financial if you are in any doubt, you should consult
an Independent Financial Adviser. If you have a query about the Scheme, the
Transferring benefits from advice before deciding to exercise this option
Scheme administrator Mercer will normally
> Death benefits
(see Transferring out and Financial advice
other schemes on this page for further information). In
Full details about how you can access free be able to resolve it. However, should you > Leaving the Scheme
financial guidance and what to consider be dissatisfied with the response you receive,
It is not possible to transfer any benefits particular, you should be aware that, if
before appointing an independent financial the Trustee has put in place a formal Internal
into the Scheme, however if you were a you transfer your AVCs to another pension > HM Revenue & Customs
adviser can be found in a separate Pension Dispute Resolution (IDR) procedure for
member of a previous employer’s scheme or arrangement then access them flexibly (e.g.
Guide via the website on OneView. resolving complaints or disputes.
have a personal pension, it is possible whilst by taking them as cash or using them for > General information
you are in Pensionable Service to arrange drawdown), it affects your Annual Allowance You may obtain a copy of the formal IDR
for a transfer payment to be made to the (the threshold that applies to the increase Assignment of benefits procedure from:
MMT . More detail around options under in your pension savings each year, for tax
You must not attempt to assign your benefits >  rustee Pensions, BAE Systems plc,
T
the MMT can be found in the MMT Member
guide by visiting [Link]/
relief purposes). This may affect the amount
of benefits that you can build up in the
to obtain cash payments or as security for loans. PO Box 87, Warwick House, Farnborough Contact Details
Under the Scheme Rules, there could be no Aerospace Centre, Farnborough,
save/baesarsp. Scheme (and MMT where applicable) going legal claim on the Scheme by anyone other Hampshire, GU14 6YU
forwards. For more details, see Money Visit the website:
than the person entitled to the benefits under or by emailing: [Link]/BAES
Purchase Annual Allowance on page 14.
the Scheme Rules. Your benefits would cease
to be payable and would come under the control > [Link]@[Link]
of the Trustee for payment at its discretion. Telephone Helpdesk:
If you are dissatisfied with the outcome of 0330 818 7282
the complaint process, MoneyHelper and
the Pensions Ombudsman are available
to investigate complaints. Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

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 16
Navigation
Your guide to Level 100+

General information
> A guide to your benefits

> Technical terms used

> Where to go for

MoneyHelper and the The Pensions Regulator Pension Protection Fund Further information Information
Pensions Ombudsman The Pensions Regulator is the regulator Introduced by the Pensions Act 2004, this Members in Pensionable Service and > Summary of
MoneyHelper brings together the support of work based pension schemes in the UK. Fund has been set up to protect pension deferred members will have access to a Scheme benefits
and services of three government-backed Created under the Pensions Act 2004, its benefits for members of company defined benefit statement each year via the website
financial guidance providers: the Money aims include protecting members’ benefits benefit pension schemes where the employer and through OneView. Each year all members > What is Level 100+?
Advice Service, the Pensions Advisory Service and promoting good administration. The has become insolvent and the scheme is unable will also have access to the full Scheme
and Pension Wise. MoneyHelper aims to make Pensions Regulator is able to intervene to meet its obligations. It is funded by Member Report and Accounts that will provide > How does it work?
your money and pension choices clearer. It in the running of schemes where trustees, a substantial levy on all defined benefit information on the performance of the
provides impartial guidance and can recommend employers or professional advisers have schemes and should help provide peace of Scheme and any other relevant information, > Membership of
further trusted support if you need it. failed in their duties. The Pensions Regulator mind for many people saving for retirement such as the names of the Trustees and their the Scheme
The Pensions Ombudsman (appointed under can be contacted at: in such schemes. advisers and other formal documents
through OneView. > Making contributions to
Section 145(2) of the Pension Schemes Act >  apier House, Trafalgar Place,
N > [Link] the Scheme
1993) may investigate and make decisions Brighton, BN1 4DW By providing the Scheme administrator,
about any complaint of maladministration
and dispute of fact or law in relation to an
> t [Link] Data Protection Mercer, with your email address they will > How to calculate
be able to contact you to advise when your pension
occupational pension scheme where the The Trustee of the Scheme will collect and
person makes a complaint in accordance Pension Tracing Service process information about you that may be
general communications have been added
to OneView. Alternatively if you would like > When you reach
with the Act. Information about the Scheme (including subject to data protection laws. For more to receive all of your communications by retirement
There is no charge for these services. the address at which the Trustee may be information about how it uses and discloses post you can do so by opting out of digital
MoneyHelper and the Pensions Ombudsman contacted) has been given to the Department your personal information, how it protects communications (see page 4). > Death benefits
may be contacted at: for Work and Pensions. The Department acts your information, its legal basis to use your
as a central tracing agency to help individuals information, your rights and who you can If you require any further information on the > Leaving the Scheme
MoneyHelper keep track of the deferred benefit entitlements contact, please refer to the relevant Scheme or on pension matters in general, visit:
> 0 800 011 3797 they have in previous employers’ schemes. sections of the privacy notice at: > HM Revenue & Customs
> [Link]/BAES
> [Link] If you have difficulty finding where pensions
> [Link]/en/privacy You can also ring Mercer on Freephone: > General information
you have earned in the past are located, the
Pensions Ombudsman service can be accessed by contacting the 0330 818 7282
>  0 South Colonnade, Canary Wharf,
1 Pension Tracing Service at: Alternatively, write to:

>
E14 4PU
0 800 917 4487
>
>
0 800 731 0193
g [Link]/find-pension-contact-details
>  ercer, Maclaren House, Talbot Road,
M Contact Details
Stretford, Manchester, M32 0FP
> [Link] Visit the website:
[Link]/BAES

Telephone Helpdesk:
0330 818 7282

Address:
Mercer, Maclaren House, Talbot Road,
Stretford, Manchester, M32 0FP

BAE SYSTEMS is a registered trade mark of BAE Systems plc.

4.23.TC4234.123 < Previous