It might look like you will eventually retire on twice what was planned for 55, but I will guarantee that you will not.
For starters, that extra 10 years gives BA more time to come back for more. Secondly, the BA illustrator is a pile of garbage. I was disgusted by their initial proposal, and now I am totally sickened by the lies they are sending out to people about the pension they can expect. The break even point is fictitious and purely designed to make the employee think the damage is not all that bad. For my employer to try to pull the wool over my eyes so deviously is tantamount to theft in my mind. They are a bunch of con-men. Yes there is small print at the bottom of the illustrator, so perhaps they are safe legally. But they are liars all the same. They are hoping that most people will not understand the problem properly, and will not consult experts. Unfortunately, I'd say their hope is reality.
I think we are going to get screwed. We will not even get BALPA's current proposal, and then BA will be back to screw me over again before I retire.