BP Plc: Statement on 2024 UK Defined Benefit Pensions Increase
April 20, 2024
April 20, 2024
LONDON, England, April 20 -- BP plc, an oil and gas company, issued the following statement on April 19, 2024:
* * *
The rising cost of living has created real challenges for many people - including bp retirees globally. In our largest UK defined benefit scheme, the BP Pension Scheme, which is part of the BP Pension Fund (BPPF), pensions are guaranteed to increase each year in-line with the retail price index (RPI) to a cap of 5%.
This year, the Trustee req . . .
* * *
The rising cost of living has created real challenges for many people - including bp retirees globally. In our largest UK defined benefit scheme, the BP Pension Scheme, which is part of the BP Pension Fund (BPPF), pensions are guaranteed to increase each year in-line with the retail price index (RPI) to a cap of 5%.
This year, the Trustee req . . .