If you’re wondering what lies behind this, look here bppensionergroup.org

WE ARE STILL HERE

@bp_plc - No meetings. No apologies. No justice.

But BP pensioners aren’t backing down. We’ll keep going until this is resolved – one way or another.

Please add your thoughts and comments on what this says about BP.

When is a door not a door?
When it’s ajar.

It’s an old, corny joke - but it perfectly sums up BP’s refusal to engage with pensioner representatives over the past two years on a growing pension crisis of its own making.

Add your voice. Share this post. Call on BP to listen.

Thanks.

An important development in the BP UK Pension Dispute.

For details of the dispute see bppensionergroup.org.

The Facts of the @bp_plc UK Pension Dispute – Part 8

The BP Pensioner Group believes that the BP Pension Fund Trustees have a clear and constructive path forward, to seek a ruling from the Court to determine the critical legal issues at the heart of this dispute. Time for action!

The Facts of the BP UK Pension Dispute – Part 7

The BP Pensioner Group believes that @bp_plc  and the BP Pension Fund Trustees made legally flawed decisions regarding discretionary pension increases.

Key factors were ignored, and irrelevant considerations influenced the outcome.

The Facts of the BP UK Pension Dispute – Part 6
At the heart of the pension dispute is the Pension Increase Policy (PIP). @bp_plc & the Trustees claim that the PIP was withdrawn ~ 2006. However, written records and testimonies from BP Pensioner Group members contradict this.

The Facts of the BP UK Pension Dispute – Part 5
At the heart of the BP pension dispute is the Pension Increase Policy (PIP), a policy that set expectations for pensioners regarding annual increases to their pensions. However, @bp_plc has failed to honour the PIP.

The Facts of the BP UK Pension Dispute – Part 4

The BP Pension Scheme’s Pension Increase Policy (PIP) is a key part of BP employment ‘deal’. BP promoted the PIP to attract new employees, encouraging them to transfer both their employment and pension arrangements to BP.

The Facts of the BP UK Pension Dispute – Part 3
At the heart of the @bp_plc pension is the Pension Increase Policy (PIP). BP staff believed it provided protection against high inflation in retirement.

Pensioners now feel deeply let down because BP refuses to honour the PIP.

The Facts of the BP UK Pension Dispute - Part 2

The BP Pension Increase Policy (PIP) was a well-thought-out and clearly defined policy, in response to government concerns about the effects of inflation on UK pensioners, ensuring long-term protection of the real value of their pensions over time.

The Facts of the BP UK Pension Dispute - Part 1
Since 1989 @bp_plc leaders and Pension Trustee directors assured staff and pensioners that they would follow a clear Pension Increase Policy, aimed to protect the purchasing power of pensions, provided the Fund had enough resources.