PPRuNe Forums - View Single Post - British (Rentokil) Airways
View Single Post
Old 21st December 2005 | 11:34
  #6 (permalink)  
Hand Solo
 
Joined: May 2000
Posts: 2,135
Likes: 0
From: Camp X-Ray
It's pretty certain that BA's final salary scheme (NAPS) will close next year.
Based on your extensive actuarial experience perhaps? Or are you just another doom-monger?

BA can't afford to close the scheme because they'd have to pay off the £1.2BN deficit immediately, which management say is impossible. That is the crux of their current company wide propaganda campaign. If they suddenly decide they can actually afford to pay it off and close the scheme they'll see the biggest strike in BAs history across every staff group. There are a lot of groups, especially the pilots, who'd rather see BA go under than let WW get away with raiding our pensions to fund his bonus.
Hand Solo is offline