Lucifer,
Ah, but "basic" salary does not include allowances, therefore you are understating the % of real "basic" salary.....
Good point!!
If you want to include allowances, for a pp24 Captain allowances add around 10% onto his basic pay packet under the "new" regime. On that basis, his pension after thirty years as a percentage of "overall salary" (including allowances) is around 41%, not including the abatement. If you want to include the abatement, it makes it around
38% of overall salary (including allowances).
The sum is:
30/52 x 80% x (Overall pay - allowances) - Abatement = Final Pension
The people who have done less than 24 years get less and BA are trying to cut that in half as well. You try to explain 20% of your final salary to your family when you were promised 46%.