PPRuNe Forums - View Single Post - Are the BA DEP's getting the final salary pension ?
Old 29th November 2004 | 18:26
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scroggs
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I cannot believe that BA's defined contribution scheme would pay only 12% including the employee's 5% contribution - I would suggest that there has either been a misprint or a misunderstanding.

For comparison purposes, in Virgin's DC pension scheme the company pays 15% of pensionable salary (all of basic plus all of flight pay) as long as the employee contributes 6% - making a total of 21% contributed. By law, the maximum employee contribution is 15% (to a Group rather than a Personal pension plan), making a theoretical maximum pension contribution of 30% of pensionable pay.
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