Originally Posted by
Joetom
Am I right in understanding that pilots have some deal at present that gives them 80% of total pay is used for pensionable purposes, as allowances/shift/flying pay is the other 20%.
Am I right that under the new deal, this figure of 80% slides upto 95%, which looks like a pensionable pay rise of 19%.
Am I correct yes or no???????????????????????????
No you are not correct. Under the present deal pilots get 80% of BASIC pay as pensionable pay. The remaining 20% is not pensionable, nor are allowances, shift pay, flying pay etc etc. We are the only group in the company that doesn't get 100% of basic as pensionable pay. Under the new deal our pensionable pay goes up to just below the level of all other staff but our accrual rates go down and our contribution rates go up, not to mention the 5 year increase in retirement age.