Several people have written to this site to enquire about Plessey pensions, either on their own behalf or because they are seeking to trace a spouses' pension to which they are now entitled. I have no more information than is given below. If you know, or find out, anything more then I will be pleased to hear in order that it may be passed on to others by adding it to this page.
First the caveat. Those involved with this web site are former employees of Plessey. We are not financial advisors, we have no involvement with pensions schemes, and we do not represent anyone. We know about our individual pensions, we do not know anything else for sure. I think that what is written here is correct, but I cannot be sure about this. Do not rely on the following.
When Plessey was taken over by GEC and Siemens it was split up between those two companies. The Plessey Pension fund was split also.
In my case I transferred to the GEC Pension Scheme. Subsequent annual statements had two key parts: pension entitlement being built up through service with GEC together with my AVC contributions (which GEC called SBS); and a pension from funds transferred in - this is what happened to my Plessey Pension.
I was in that part of GEC that was sold to British Aerospace. My pension with GEC became the BAE Systems 2000 Pension Scheme.
If your employment has taken a similar route then the contact address you
need is
BAE Systems Pension Scheme
Freepost GI 1559
PO Box 249
Farnborough
Hants GU14 6BR
phone 0845 601 4762 or + 44 1252 383810
email farnborough.pensions@baesystems.com
If 'your' part of Plessey went to Siemens then you need to contact Siemens - sorry but I don't have any details.
If 'your' business was subject to any form of management buy-out or sell-off then the pension arrangements made will be individual to that business.
If you remain at a loss to know where your occupational pension has gone
then there is a Pension Tracing Service run by the government's Dept for
Work & Pensions,
contact them on 0845 6002 537
write to them at
Pension Tracing Service
The Pension Service
Tyneview Park
Whitley Road
Newcastle upon Tyne
NE98 1BA
or visit their website at
www.thepensionservice.gov.uk/atoz/atozdetailed/pensiontracing.asp
There is, of course, a further possibility. Some people will have taken the opportunity to have a refund of pension payments if they only worked for Plessey for a short time, and others will have taken the opportunity to transfer to some form of Personal Pension Scheme, in which case there may be no entitlement to a pension from an occupational scheme.
To contribute to the above information ...
This is a personal site with no connection to any corporate entity, and all emails (including the transmission of the form) are to personal mailboxes.