BA pension problem
You BALPA guys are at the T and G and BASSA throats now. No wonder W. Walsh was not afraid of the BALPA strike threat.
The F.Times today gave most of the details away probably due to a leak somewere.
The OFFER is hardly any better than the one BA offered you several weeks ago and has been on the Company Website for ages.
The problem is you have oversold what you could get for the BALPA membership and now you are going to have to backpeddle like mad... and some of you seem to be prepared to blame everybody else for your failure on the crucial points.
That is :
1. The payments be affordable.... 20%+ increase in members contributions IS THAT AFFORDABLE??????
2. That the RPI cap on annual pensionable pay rises which would reduce pensionable pay to half normal pay in 12 years or so.... (if the earnings RPI gap continued to be about 2 to 3 % a year as at the present time).....
........Be removed from the BA offer??????
(If the current accepted deal was applied to today's rates for those that are late members of NAPS....... final salary pensionable pay would be about £60000 and a pension using the new calculator about £35000 a year with a pension RPI increase capped at 2.5% a year.) ..RPI is currently just under 4%
If BALPA has removed these major obstacles then it has succeeded in what it had previously stated was an esssential part of any solution.
The problem is that it has failed on both counts and the details of the failure will be known to all on Monday.
Balpa set the height of the bar itself at general members meetings and it has failed to reach it.
The membership will be very upset by this poor deal that has been accepted by the Union.