As said before ....they took a payment holiday....so pay that back(part of last 5 years of profit should have provided for that easily) Then we can see what the standing is. Secondly there are many final salary schemes where the employer has raised costs to cover it....post office was one as they went to the regulator to change their policy.....same should be done to CAA. Thirdly, why are share dividends being paid when the pension is such an issue??
Mentions in the union statement of capping pension rpi+1% for current members....well based on bottom of scale that makes for quite a bit less 25 years down line.(if i got sums right, correct me if wrong).
Overall a two tier pension will divide workforce which management would love....next 2 tier pay claims etc. A larger pay rise for next year?? well that woulld be selling us down the river with no gains at all, just less to look forward to on retirement.....and they would have saved millions the process.
I feel that the bag of coal and oil drum may finally become useful!