From the Press Association this morning.
BA TO INCREASE RETIREMENT AGE
By Alan Jones, PA Industrial Correspondent
British Airways is to increase the retirement age for its pilots and other
workers in a bid to tackle a #1 billion deficit in its pension fund, the airline
announced today.
Union leaders were told that the airline will pay #500 million into the scheme
once the planned changes were accepted.
The current compulsory retirement age for pilots and cabin crew is 55 but BA
plans to increase this to 60.
Chief Executive Willie Walsh said: "This is a solution that will provide
competitive, affordable pensions for the future."