Need help navigating the BP Pension?
The RAP is a cash balance pension plan, which blends features of a traditional pension and a 401(k). Your account grows over time through pay credits and interest credits, and once you separate from service, you choose how to receive the benefit. In this video, we cover how the RAP builds your benefit, the distribution options available to you, and the considerations that go into choosing between a lump sum and an annuity.
Need help navigating the BP Pension?
The RAP is a cash balance pension plan, which blends features of a traditional pension and a 401(k). Your account grows over time through pay credits and interest credits, and once you separate from service, you choose how to receive the benefit. In this video, we cover how the RAP builds your benefit, the distribution options available to you, and the considerations that go into choosing between a lump sum and an annuity.
