TUTMAN B&CE Contracted-out Pension Scheme (BCECOPS)

An old pension scheme contracted out from the State Earnings Related Pension Scheme (SERPS) and later the State Second Pension (S2P).

We launched this in 1988, specifically for the construction industry.

Basically it allowed employed construction workers to get some of their employer’s and their own National Insurance tax payments contributed into their pension instead.

It’s no longer taking contributions, but some employees still have a pension pot invested.

  • If that includes you, you can stay in the pension scheme until you’re ready to access your pension savings.
  • Or you could transfer into another pension scheme, including The People’s Pension if you’d like to.