Originally Posted by
TURIN
This is what I don't understand.
Surely the abatement rate is now going to be completely unconnected with (1.5 X) SERPS for NAPS1 staff. It will, from now on, be a variable percentage depending on pay rises. Does this mean that NAPS1 and NAPS2 abatement rates are going to be set in stone at the present rate until the next pay deal that is above rpi?
TURIN,
No, No, NO! Abatement happens AFTER 'basic' pensionable pay has been worked out. The rules for NAPS 1 and NAPS 2 on abatement aren't being changed. So each year, your 'basic' pensionable pay will go up by the lower of RPI or your annual pay increase, and then will be reduced by the abatement amount - and the abatement amount depends on the level of state pension. This is true for ALL staff, not just flight crew or cabin crew. The only difference in the latest deal so far is that the 'basic' pensionable pay for flight crew will go up by about 18%.