The BAE Systems Pension Scheme – 2000 Plan Benefits (“2000 Plan”) is closed to new members. Existing members continue to accrue benefits. … Contributions to the 2000 Plan can be made under SMART Pensions. Paying your contributions in this way means that you could pay lower National Insurance Contributions.
Likewise, people ask, what happens to my BAE pension when I die?
When a pensioner dies the next of kin or legal representatives of the deceased should notify the scheme administrator so that their pension payments may be stopped and any death benefits can be processed quickly. … We will need to be supplied with an original copy of the Death Certificate.
Moreover, what is the difference between a pension plan and a retirement plan?
A 401(k) plan and pension are both employer-sponsored retirement plans. The biggest difference between the two is that a 401(k) is a defined-contribution plan and a pension is a defined-benefit plan.
What are BAE shares worth today?
Today’s trading
| Range | 547.60p-551.60p |
|---|---|
| The lowest and the highest price a share has reached in the trading day. Volume | 471,023.00 |
| The lowest and the highest price a share has reached in the trading day. Today’s open | 548.80p |
How do I find my British Shipbuilders pension?
You can phone the Pension Tracing Service on 0800 731 0193 or use the link below to search their online directory for contact details.