BT and the Trustee of the BT Pension Scheme (BTPS) have announced their agreement on the triennial actuarial funding valuation as at 31 December 2008 and a recovery plan which includes measures to give additional security to members.
BT has written to the CWU informing us of their intention to consider applying the Default Retirement Age (DRA) procedure for all UK employees approaching the age of 65.
The British High Court has ruled that the UK’s default retirement age of 65 is not unlawful which brings an end to three years of the Heyday litigation.