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Old 10th December 2004 | 21:39
  #9 (permalink)  
unwiseowl
stilljustanothernumber
 
Joined: Apr 2002
Posts: 624
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From: the night sky
If you're planning to stat for any more than a couple of years, why would you care about the bond?

The new contract does NOT include these items available to current pilots:

-Permanent health insurance (75% of salary anually until retirement age if unable to work due illness)
-Pay Bridge (Adjustment to Captain's starting salary for every year more than 6 spent as FO)
-Scale B (Productivety pay for operating widebody aircraft)
-20 year long service 3% pay increment
-Final Salary pension
-Staff travel benefits
-Pay increments beyond 10 years in grade (currently 13)
-Sickness payment approximately halved.

THowever, it does include:

-New Pension scheme with 8% Company contribution
-BUPA cover (so they can get you off your sickbed and back to work ASAP)
Loss of Licence Insurance 2xbasic salary for grade.

It is also worth noting that the Base offered will not be confirmed for some time (i.e. they can initially move you at will).
unwiseowl is offline