First Qu.
How long do you reckon before the first airline appears to close the final salary scheme to existing staff? Remember BA doing that to Brymon in the early nineties, and BA again (Ayling) changing the system the last time around.
BACX and BA both have very significant deficits, who do you think will be first, I can't believe Willie will miss a tempting target like this?
Second Qu. If Rentokil have effectively frozne their scheme in place, does that mean that existing employees have their accrued benefits also frozen for good, or continuing to accrue as though they were deferred members - in fact, do they effectively BECOME deferred members? If they ARE deferred members, in the case of this type of scheme closure, do their benefits freeze in real monetary terms, or continue to be worth 50ths, 60ths, 80ths whatever of their actual final salary, which obviously will be bigger than their present one. I believe a proper deferred member's pension entitlement continues to rise by a proportion every year, but this sounds worse than that.
Final Qu. Does anyone think BA will threaten action to support BACX, or BACX to support BA - we're all in this together now!
