Originally Posted by !!!!!!!!!
I work with one of the country's leading legal pensions practices and noticed an item on today's electronic bulletin from a reference service widely used in the profession featuring the proposed increase in pension contributions for BMI Mainline pilots. I can say that everyone in my department who saw the item was astounded by the reported proposal by the company to increase contributions from 10% to 18% plus.
!!!!!!!!!, I take it that this proposal is for the
Company to increase it contributions? I have heard that the pension fund is in deficit and assume that this increase in contributions is a regulatory requirement to make up the shortfall.
Could you clarify the situation?
Thanks, Yarpy