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bppensionergroup

@bppensioner

The BP Pensioner Group is campaigning to protect BP UK defined benefit pensions

ID: 1703142555901116416

linkhttps://bppensionergroup.org calendar_today16-09-2023 20:24:12

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The Facts of the BP UK Pension Dispute – Part 3 At the heart of the bp 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 3
At the heart of the <a href="/bp_plc/">bp</a>  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,
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The Facts of the BP UK Pension Dispute – Part 6 At the heart of the pension dispute is the Pension Increase Policy (PIP). bp & the Trustees claim that the PIP was withdrawn ~ 2006.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 6
At the heart of the pension dispute is the Pension Increase Policy (PIP). <a href="/bp_plc/">bp</a>  &amp; the Trustees claim that the PIP was withdrawn ~ 2006. However, written records and testimonies from BP Pensioner Group members contradict this.
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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 4
The BP Pension Scheme’s Pension Increase Policy (PIP) is a key part of BP employment ‘deal’. <a href="/bp_plc/">bp</a>  promoted the PIP to attract new employees, encouraging them to transfer both their employment and pension arrangements to BP.
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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 has failed to honour the PIP.

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, <a href="/bp_plc/">bp</a> has failed to honour the PIP.
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The Facts of the BP UK Pension Dispute – Part 7 The BP Pensioner Group believes that bp  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 7
The BP Pensioner Group believes that <a href="/bp_plc/">bp</a>  and the BP Pension Fund Trustees made legally flawed decisions regarding discretionary pension increases.  Key factors were ignored, and irrelevant considerations influenced the outcome.
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The Facts of the bp 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 <a href="/bp_plc/">bp</a> 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!
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BP’s Annual General Meeting Fortress: A Symbol of Isolation and Exclusion The way bp controls its Annual General Meeting resembles a fortress, designed not just for order, but to shut out dissent and meaningful dialogue. bppensionergroup.org #bppensions

BP’s Annual General Meeting Fortress: A Symbol of Isolation and Exclusion

The way <a href="/bp_plc/">bp</a>  controls its Annual General Meeting resembles a fortress, designed not just for order, but to shut out dissent and meaningful dialogue.

 bppensionergroup.org

#bppensions
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📣 The BP Pensions Matter is NOT Closed. At the April 2025 bp Annual General Meeting, shareholder pensioners spoke out as their pensions have dropped by 11% due to BP breaking long-standing pension promises. The company’s response? “The matter is closed.” It’s not.

📣 The BP Pensions Matter is NOT Closed.

At the April 2025 <a href="/bp_plc/">bp</a>  Annual General Meeting, shareholder pensioners spoke out as their pensions have dropped by 11% due to BP breaking long-standing pension promises.

The company’s response? “The matter is closed.”

It’s not.
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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.

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.
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WE ARE STILL HERE bp - 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.

WE ARE STILL HERE

<a href="/bp_plc/">bp</a>   - 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.
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“Stuff and nonsense.” This describes bp's excuses for refusing all affordable discretionary pension increases proposed by Pension Trustees. - No extra cost to BP. - No evidence of harm to stakeholders. - And “global fairness”? BP already varies pay and pensions by country.

“Stuff and nonsense.”
This describes <a href="/bp_plc/">bp</a>'s excuses for refusing all affordable discretionary pension increases proposed by Pension Trustees.
- No extra cost to BP.
- No evidence of harm to stakeholders.
- And “global fairness”? BP already varies pay and pensions by country.
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Pension Fund Trustees: the law is clear. Knowingly harming members’ benefits isn’t just wrong — it could be a criminal offence under the UK 2021 Pensions Act. 🔒 Protect pensions. 🚫 No reasonable excuse. #BPPensions

Pension Fund Trustees: the law is clear.

Knowingly harming members’ benefits isn’t just wrong — it could be a criminal offence under the UK 2021 Pensions Act.

🔒 Protect pensions.
🚫 No reasonable excuse.

#BPPensions
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I received a message from someone made redundant from bp : “What you are doing matters deeply — perhaps more than many people realise until they step out of the company and begin to truly feel the long-term weight of these pension decisions.” bppensionergroup.org/join

I received a message from someone made redundant from <a href="/bp_plc/">bp</a> : “What you are doing matters deeply — perhaps more than many people realise until they step out of the company and begin to truly feel the long-term weight of these pension decisions.”
bppensionergroup.org/join
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IT'S TIME TO DO THE RIGHT THING bp's pension dispute isn’t going away. Thousands of members of BP’s UK defined benefit pension scheme have been in dispute with the company since 2023, when BP walked away from its long-standing policy on inflation related pension increases.

IT'S TIME TO DO THE RIGHT THING

<a href="/bp_plc/">bp</a>'s pension dispute isn’t going away. Thousands of members of BP’s UK defined benefit pension scheme have been in dispute with the company since 2023, when BP walked away from its long-standing policy on inflation related pension increases.
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Many think of the 3 R’s as reading, writing & arithmetic. bp 3 R’s? 🔴 Rejected trustees’ requests for cost-of-living rises 🔴 Refused to honour a 30+ yr pension policy 🔴 Rebuffed meetings with pensioner reps More: bppensionergroup.org

Many think of the 3 R’s as reading, writing &amp; arithmetic.
<a href="/bp_plc/">bp</a> 3 R’s?

🔴 Rejected trustees’ requests for cost-of-living rises
🔴 Refused to honour a 30+ yr pension policy
🔴 Rebuffed meetings with pensioner reps

More: bppensionergroup.org
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“Our deeds determine us, as much as we determine our deeds.” — George Eliot bp leadership deeds: 🔴 REJECTED fair pension increases 🔴 REFUSED to honour a 30+yr policy 🔴 REBUFFED pensioners’ calls Deeds define legacy. BP’s has become one of broken trust.

“Our deeds determine us, as much as we determine our deeds.” — George Eliot

<a href="/bp_plc/">bp</a>  leadership deeds:
🔴 REJECTED fair pension increases
🔴 REFUSED to honour a 30+yr policy
🔴 REBUFFED pensioners’ calls

Deeds define legacy. BP’s has become one of broken trust.