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Old 2nd Dec 2005, 01:13
  #57 (permalink)  
ShortfinalFred
 
Join Date: Nov 2004
Location: over the hill
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W squared told a recent pilot joinee at BA that "he knew what he was signing when he joined", on being told at a pilot's 'meet the chief exec seminar' that the pension he could expect after 30 years with BA was about £10,000 a year with BA's new pension plan, BARP. (Is that acronym a bad joke or what?).

W squared has news inbound. Those of us who joined BA in NAPS, the previous DB pension scheme knew what we were signing when we joined too.

Whilst BA has long been over-managed whilst underperforming I have sympathy for anybody made redundant at Christmas. Its such a devious, viscious Harvard Business School tactic: 'lets stick it to 'em at the season of Joy when everyone's too preoccupied with their own families to care about other's misfortunes'.

But I'd take heart if I were you. If BA ram the pension cuts down the throats of the workforce that they have in mind it wont exist for long in anything like its current form anyway.
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