Re: BA pilots 'prepared to strike'
Human Factor,
Sorry, only £1.7m then - but if I go out to get a BA-style index-linked pension on the open market it costs £3m because the index-linked bit is so high risk to the pension provider. A period of high inflation, low returns and increased longevity could change 1.7m into £3m even within the BA scheme.
On the subject of creating wealth, some pilots retiring now spent the 1970s on Shuttle standby, some of the 1980s as stewards and didn't get commands till the late 1990s, yet they draw a final salary pension - just when have they created much wealth?
beaver eager
Yes, you will be getting a effective wage cut - because of your pension arrangements, you are currently uncompetitive, that's the whole point.
Airbus Unplugged
You amaze me - in your position, how can you be so resentful? Rightly or wrongly, 99% of pilots outside BA want your job. Why not leave and go and be happy somewhere else?
Super Stall
Not defeatest, just realistic. The pilot market is being driven ever cheaper and cheaper, I don't like it any more than you do but it's happening and it appears unstoppable. New joiners from around the world will accept anything to go flying. You will still have a great deal no matter what they do to your pension.