PPRuNe Forums - View Single Post - BA pilots 'prepared to strike'?
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Old 10th Nov 2006, 17:41
  #953 (permalink)  
Joetom
 
Join Date: Apr 2005
Location: UK
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Talking

Thanks for post Human Factor, pls see the following examples of what I thought question was about.
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Non pilot staff works for 24yrs at a basic of 40k, he pays 5.25% into pension each year.
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Pilot works for 24yrs and his basic rolls from 28k to 52k and he also pays 5.25% into pension each year.
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So they have both paid in the same about.
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40k minus the 6k abate = 34k @ 24/56 = pen of about £14,571 PA.
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52k minus the 6k abate = 46k @ 24/56 = pen of about £19,714 PA.
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The above example is simple and would need to be refined to get correct value of who gets most out of the pension pot.
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Also remember BA payments to pension are linked to the staff member payments so this will again roll up the problem. ie, BA have also under funded the pension!
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With BA saying they put in 3 or 4 times what staff put in makes even more strange pension funding figures?
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