Please find to follow Employer Communications sent regarding the transition of DB Plan Benefits to the insurance company Just Group ("Just").
On 29 July 2022 the following letter was sent jointly from the Baptist Union and Pension Trustees to all DB Scheme employers. The letter reports the positive news regarding the future of the Scheme's DB plan with the announcement of the agreement made with the insurance company Just, which secures DB member benefits. Initial information provides details regarding ongoing Deficit Recovery Contributions with the assurance that further information will follow over the next few months.
Buy In Employer Letter (July 2022)
In September 2023 a further letter was sent sent jointly from the Baptist Union and Pension Trustees to all DB Scheme employers. The letter gave an update on securing the DB plan and removing future risk exposure.
Buy Out Employer Letter (September 2023)
In February 2024 another letter was sent jointly from the Baptist Union and Pension Trustees to all DB Scheme employers. The letter gave further details on securing the DB plan and removing future risk exposure as the Buy Out progresses.
Buy Out Employer Letter (February 2024)
In November 2024 the following update from the Baptist Union and Pension Trustees of the Scheme was sent to all DB Scheme employers confirming that the handover of the DB Plan to Just will be completed this month.