PPRuNe Forums - View Single Post - BA: Is It Really That Bad???
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Old 10th November 2005 | 21:04
  #12 (permalink)  
Re-Heat
 
Joined: Dec 1999
Posts: 1,606
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From: UK
In fact you will be lucky to get a pension since the pension fund is underfunded to the tune of 66% of what BA is reputed to be actually worth.
Rubbish - the pension that new joiners are on is Defined Contribution - there is no underfunding of the new scheme whatsoever, hence why NAPS is closed to new DB joiners and BAPS provides a DC pension. The DC scheme cannot be underfunded as it promises nothing other than the return on the investments - the risk is on you.
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