NSF says;
"In truth the package at easyJet is somewhat better overall, even if taken over 15 years,"
Can you just explain to me how? I have just put the following figures into the BALPA pension calculator and I get the following result.
Assume your 21 years old starting out. You put in 10% into your pension pot and compare the difference between GB and easyJet;
GB puts in 14.5% at 65 you will have £1,423,961 in your pension fund giving a rough estimated pension of £66709 at retirement.
easyJet puts in 7% at 65 you will have £988,055 in your pension fund giving you a rough estimated pension fund of £46,288 at retirement.
I accept the calculator is rough and ready.....perhaps the experts can work out better figures..... I used 65 as a max retirement age and I don't think the new smart pensions at easyJet are included in the BALPA calculator.
If (only!!) I was a 21yr old in easyJet i'd be sending my CV off to GB or anyone else who pay's a good sum of money into the pension fund.
OK at easyJet we get a loyalty bonus ( I dont know about GB) but it seems the payments over 775 hours, private health care and BA staff travel at GB all sound pretty good!
Maybe i'm wrong!?! It's a good debate though!