Toshiba Pension and Assurance Scheme Notice

The information in this document refers to the Toshiba Pension and Assurance Defined Benefit scheme. The Scheme was established on 22 January 1974 and was offered to employees of the following companies :-

Administration

The Legal & General Assurance Company were the administrators of the Scheme until 20th September 2003.

From 1st October 2003 the administration of the Scheme was placed with Hewitt Bacon & Woodrow. If you would like more information about Hewitt Bacon & Woodrow visit their website: www.hewittbaconwoodrow.co.uk

Contact details for updating personal information or receiving information about scheme benefits are:
Toshiba Administration Team
Hewitt
Parkside House
Ashley Road
Epsom
Surrey
KT18 5BS,
Tel: +44 (0) 1372 733000
Fax: +44 (0) 1372 733066
Email: toshiba.admin@hewittbaconwoodrow.com

Benefits

The following is a summary of the main benefits the Scheme provides:

•A pension for you when you retire. This will be paid to you monthly for the rest of your life. You may, if you wish, exchange part of this for a tax free cash sum.

•A pension for your wife or husband if you die first. This will be paid monthly for the rest of her or his life whether you die while at work or after retiring.

Your occupational pension scheme is a Final Salary Scheme. This means that your pension benefits are directly related to your pensionable service and earnings. From 1 January 2003 changes were made to the Scheme and it is important you understand what these are. Please refer to the announcements that have been issued. On the 30th June 2006 the scheme ceased to provide future accrual for current members.

If you are a current employee, you will receive an annual statement setting out your accrued benefits. If you are a deferred member (i.e. no longer an employee) you will not receive annual statements.

The Scheme is Contracted-out of the State Earnings Related Pension Scheme (SERPS). To be able to contract-out, the Scheme must provide a minimum level of benefits which is generally higher than the SERPS benefit and while you are contracted-out you will pay reduced National Insurance contributions.

The Trustees

The assets of the Scheme are held entirely separately from the assets of any of the Participating Companies. The Scheme is run by the Trustees who manage the Scheme in the interests of all the members and beneficiaries, in accordance with legal documents called the Definitive Trust Deed and Rules. Currently, the Trustees are:

More information

Toshiba Pension and Assurance Scheme Trustees Report to Members for the Year to 31 March 2007

If you would like more information, and you are a current employee, please contact your HR Department. Once you have contacted your HR Department, Hewitt Bacon & Woodrow may send details direct to your home address.

If you are a deferred member or pensioner please contact Hewitt Bacon & Woodrow at the address above. Details of the Scheme can also be found in the Scheme Booklet and the Trustees' Popular Report to Members.