BOC Pension Scheme (the Scheme)
You are currently a deferred member of the Scheme. You are a 'deferred member' if you're no longer working for BOC, or you've opted out of the Scheme.
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Summary Report and Accounts
Read the latest Summary Report and Accounts newsletter for members of the BOCPS, bringing you the latest scheme and pension news, financials and more.Read the newsletter
Stay alert to scams
New scams are emerging all the time and can be by post, email, phone, social media or in person.Read more
What is the Scheme?
The BOC Pension Scheme is a defined benefit (DB) pension arrangement through which you saved for your retirement. A DB pension arrangement is one where your pension is based on your salary, length of service, and a fraction known as an 'accrual rate'. You and the Company pay into your pension while you are an ‘active’ member. When you retire, you get a pension for life and you can also take a cash lump sum.
The Scheme will provide you with a pension and the option to take some tax-free cash from age 55. It also offers other benefits that give you and your dependants some financial security if you die or are too ill to work.
Please note, the Gist Limited Pension Scheme (GLPS) merged with the BOC Pension Scheme (BOCPS) in 2020. If you were a member of the GLPS and want to see the Scheme's history and documents, then please visit the GLPS page.
Stay alert to scams
New scams are emerging all the time and can be by post, email, phone, social media or in person.
Some members have been targetted by scammers asking whether they would like to sell BOC shares, or claiming that money is owed to them from BOC. Please treat such calls with suspicion, and do not open links that look suspicious. Remember, BOC Pension Services will never ask you for your bank details over the phone.
Visit the Financial Conduct Authority's 'Warning list'.
There are also a number of fake HMRC contacts which you may think are related to your pension. Please visit the HMRC site to make yourself aware of these.