If you are a member of one of the sections of the BAE Systems Pension Scheme listed below, you have the option to change your pension level once a year at the beginning of April.
• Level 125, 167, 187 or 200 Benefits
• Alvis Benefits
• SIPS (VSEL and Portsmouth) Benefits
Each year a news item will be added to the Scheme website reminding members of this option and the forms that you will need to complete will be added to the website. There will be a cut-off date for the return of these forms which will typically be in early February. More information about the respective levels for each section, can be found in your member booklet located in your Scheme area of this website.
If you are a member of any BAE Systems defined benefit scheme you may wish to consider paying Additional Voluntary Contributions (AVCs) to help boost your pension savings. The Trustees have chosen Standard Life for the investment of AVCs. By accessing the
Standard Life website you will be able to find out all the information you need about paying AVCs, the investment choices available, your options on retirement, as well as the forms required to start paying or to change the level of your AVC payments. From here you will also be able manage your AVC account online by accessing Standard Life's
Online Services.