I wish to draw my deferred pension
We will write to you explaining your options for drawing your deferred pension shortly before your Normal Retirement Age. You can contact us at any time from age 50 (unless you opted out of the Scheme and continued working for BA after age 50, in which case the earliest you can choose to draw your deferred pension is the earlier of age 55 or the date you ceased employment with BA) if you wish to draw a reduced pension.
We will normally work out and pay your deferred pension from the same day of any month on which your birthday falls, so if your birthday is 23rd August but you want to draw your pension in March, we will work out and pay your pension from 23rd March.
Your first pension payment will be paid to your bank at the end of the following month (so in the above example, the first pension payment would be made at the end of April and would include pension for the period 23 March to 30 April).