Originally Posted by
Wirbelsturm
Except they are merely in receipt of those benefits that were given as a consequence of the contracts that they signed when they joined many years ago..
Actually for those of us lucky enough to be in that position the retirement benefits were not so much "given" as "paid for" by putting between 8.5% and 15% of pretax pay for 35 years into an independent fund that was well managed by independent trustees, with contributions from BA in the years when it didn't take a holiday! And it's readily acknowledged that as we didn't have any choice in the matter, and were advised to think of it as "deferred pay" because of the early compulsory retirement age, we have been extremely fortunate as a result, and some of us are contributing to the scheme I mentioned earlier and also noted by Wiggy..