Airbus UK Pension Scheme | Schedule 3
What is AGUK Schedule 3?
This section of the Airbus Pension Schemes remains open to existing members but is no longer open to new members.
Your Defined Benefit pension is based upon which base pension level you opted for: level 125, level 167 or level 200.
More information about AGUK Schedule 3
Each year you are an active member you will build up a pension known as your individual pension percentage based on the base pension level you opted for. Your pension will be the total of your individual pension percentages multiplied by your final basic salary.
You can change your base pension level at the beginning of each scheme year.
Defined Benefit contributions are made under a salary sacrifice pension arrangement where the employer pays your pension contribution for:
- level 125 at 7.29%,
- level 167 at 9.29%
- level 200 at 17% of contribution earnings, and your salary is reduced by this amount.
Members of the Airbus Schedule 2 Pension Scheme can - log in to view their accounts and and other pension information online whenever you want to by accessing the pensions administrators portal where they can do the following actions:
- Benefit statement
- Change personal details
- Run retirement quotes
- Update your Expression of Wish nomination
Useful links and information
Please click here to visit EPA
You may top up your retirement benefits by paying Additional Voluntary Contributions (AVC’s). These can be used to provide cash or extra pension at retirement.
Please click here to access the AVC Google form( Internal network only)
The total that you pay into the Scheme (your core contributions plus any AVCs) are not allowed to exceed 19% of your gross earnings.
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We are here to help
For any further information on your pensions, please contact the Group Schemes and Benefits Team
