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You're viewing content for pensioner members of BOCPS

(This means you are currently receiving a pension from the Scheme)

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BOC Pension Scheme (the Scheme)

You are currently a pensioner of the Scheme. You are a 'pensioner member' if you’re currently receiving a pension.

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Contact magazine (Autumn 2021)

Read the Autumn 2021 edition of Contact magazine.

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Stay alert to scams

New scams are emerging all the time and can be by post, email, phone, social media or in person.

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What is the Scheme?

The BOC Pension Scheme is a defined benefit (DB) pension arrangement through which you saved 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 provides 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.

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Please note, the Gist Limited Pension Scheme (GLPS) merged with the BOC Pension Scheme (BOCPS) in 2020. If you were a member of the GLPS and want to see the Scheme's history and documents, then please visit the GLPS page.

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Your pension is paid on the 6th of every month, or the next working day if the 6th falls on a weekend or a bank holiday.

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