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(This means you are building up pension in the Scheme)

CHANGE SCHEME

BOC Pension Scheme (the Scheme)

You are currently building up pension in the Scheme

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Pension and contribution calculator

Use this tool to see how much pension you could have by retirement, and how much it costs to save.

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What is the Scheme?

The BOC Pension Scheme is a defined benefit (DB) pension arrangement through which you save for your retirement. A DB pension arrangement is one where your pension is based on your salary, length of service, and a fraction known as an 'accrual rate'. You and the Company pay into your pension while you are an ‘active’ member. When you retire, you get a pension for life and you can also take a cash lump sum.

The Scheme will provide you with a pension and the option to take some tax-free cash from age 55. It also offers other benefits that give you and your dependants some financial security if you die or are too ill to work.

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