Originally Posted by
Carnage Matey!
Beaver - I believe the wording was "a 5 year increase to IRD for all groups". Sounds equitable to me.
Sadly BA's statement in their press release today said
The benefit reductions include raising the normal retirement age to 65, a lower accrual rate, inflation capped pensionable pay increases, capped pension increases on retirement and sharing life expectancy. NAPS will remain a final salary scheme.
I agree it
would be equitable, but will others see it as such?
BALPA still has much work to do (with our solid support, I might add) but I believe the goalposts have widened this afternoon.