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Plan Basics

This section covers the basics of Section 1 of the O2 Pension Plan. By reading this section you will learn that the Plan is a valuable benefit to you as an employee of the Company. Membership allows you to decide how much you can afford to invest for the future, to choose a style of investment and, at retirement, to select the benefits which suit your particular circumstances. It also provides life cover and a pension for a Dependant if you die while you are working for the Company.

The information on this website is intended to be a summary guide only of the basics of Section 1. The full details can be found in the Trust Deed and Rules (as amended from time to time), which forms the legal basis of the Plan. If there is any conflict between this booklet and the Trust Deed and Rules, the terms of the Trust Deed and Rules will prevail. If you have any questions about the Plan, contact details for the Plan administrators are available in the help and contacts section.

This summary describes the current Plan benefits and arrangements. These may change from time to time as a result of changes made by the Company to the Plan or as a result of changes to the tax and legal requirements which apply to pension schemes. The Company reserves the right to amend or discontinue the Plan at any time. If the Plan were to discontinue, your benefits would be secured out of the assets of the Plan in accordance with the Trust Deed and Rules.

Complete Plan Basics Text

This page contains the complete Plan basics text for download. The text is supplied in PDF format and requires Adobe Acrobat or Adobe Acrobat Reader to be viewed and printed. Acrobat Reader is freely available from the Acrobat Reader download page.