Originally Posted by Joetom
I showed a private pensions expert all the figures on Flying and Ground Staff Pension deals.
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She confirms Flying staff get more of the Pension Cake in NAPs and if the changes go ahead, Flying Staff will get an even bigger Cake in relation to the poor old Ground Staff.
Thats interesting. How does the private pensions expert know what the flying staff pay in and what BA pays in for them? Does she know our pay scales and the overall contributions over a career. She'd have to know all the details of the fund, and thats not something that can be covered in an afternoons work. I doubt she does, so how does she know who is taking what out of the fund? I think one of two things have happened here. Either:
1) You haven't seen a private pensions expert at all and you are making the whole thing up (the more likely course of events I believe)
2) Your private pensions expert really hasn't got a clue what shes talking about.
This 'expert opinion' seems rather like some of the previous back of a fag packet calculations. They are all cast iron opinions based on at best a fraction of the data available and hence really aren't worth the paper (or cardboard) they are written on.
PS You claim she said the flying staff are getting the best 'value'. Well value is subjective and depends on what price you place against time, hence the term value is only valid against whatever set of criteria you give her to assign. Your value at only working 5 years more is very different to my value of working ten years more.