The Defined Benefit (DB) Plan closed to new members and to future accrual of benefits by existing members on 31 December 2011.
Members' benefits accrued in the DB Plan until 31 December 2011 are preserved until retirement.
There were two separate Defined Benefit plans - the Baptist Minister's Pension Fund, and the Baptist Union Staff Pension Scheme. Both were closed at the same time and replaced from 1 January 2012 by the Baptist Pension Scheme, which is a single Defined Contribution (DC) plan for all members, whether Ministers or Staff.Employer Responsibility for DB plan Deficit Funding
If you employed a member of the DB Plan at any time between 2 September 2005 and 31 December 2011, then under pensions legislation, you are a statutory employer and this part of the website will help you to understand your obligations to support the scheme in providing the promised retirement benefits to members.
- July 2022 Update on Scheme Deficit Funding and Future Employer Deficit Recovery Contributions
On 29th of July 2022 an update from the Baptist Union and Pension Trustees was sent to all Scheme employers. For a copy of the letter, please see the Employer Responsibility for DB plan Deficit Funding page.
- September 2023 Update on Securing the DB Plan and Removing Future Risk Exposure
In September 2023 a further update from the Baptist Union and Pension Trustees was sent to all Scheme employers. A copy of this letter can be found on the Employer Responsibility for DB plan Deficit Funding page.
- February 2024 Securing the DB Plan and Removing Future Risk Exposure - A Further Update
In February another update from the Baptist Union and Pension Trustees was sent to all Scheme Employers with members in the DB Section of the Scheme. A copy of this letter can be found on the Employer Responsibility for DB plan Deficit Funding page.