The 2000 Plan covers members in respect of whom a transfer payment was made from the GEC 1972 Plan with effect from 6 April 2000, following the merger in November 1999 of British Aerospace and the Marconi Electronic Systems business of GEC.

The 2000 Plan gives you a pension when you retire and also provides death benefits.

What makes the 2000 Plan so good?
The 2000 Plan provides a pension based on the best of three calculations. This gives you a pension based on your salary near to retirement or, if better, a pension based on the value of your contributions.

You and the Company pay a contribution towards your benefits.

When you retire, you can choose to take a pension or a reduced pension and a tax free cash sum.

On top of your 2000 Plan pension, you will also receive the basic and earnings related State pensions.

We will send you regular newsletters which give an overview of the annual financial health of the 2000 Plan and any changes in rules or benefits. We also report on important changes in legislation and other topical pensions news.