Originally Posted by
NoelEvans
A 'final salary' pension scheme that was a British Airways responsibility less than 15 years ago will be paying out 35% less to existing pensioners from August this year.
Be very worried if you are in an underfunded final salary pension scheme within the 'BA realm'.
This may be nonsense.
What is your source?
I believe that once in payment, the pension is safe.
Also, I believe legally safe, is the ring-fenced NAPS pension.
Ironically, the amount saved from closing NAPS almost exactly equates to the ‘special dividend’ paid out to shareholders last year.