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Old 1st Dec 2007, 01:01
  #33 (permalink)  
stansdead
 
Join Date: Aug 2005
Location: uk
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scoobydoo

You see, your post just highlights the ignorance and lack of awareness of what you are all doing.

BA do not pay pension contributions on all the money you earn. VS do. Every penny of basic wage is pensionable.

That means that for every 100p you earn, Virgin put in 10p (or whatever) to your pension.

For the purposes of this simple explanation, let's assume that BOTH companies contribute 10% to a pension.

In BA, for every 100p they earn, BA put in a percentage (let's say 75%) of pensionable pay into a pension for you. So,again, let's say they put in 75% of pensionable pay into a pension at the same contribution rate that VS do, i.e. 10%:

100p x 10% (x75%) = 7.5p per 100p earned in a pension for you in BA

100p x 10% = 10p per 100p earned in a pension for you in VS.

Even if BA upped the pensionable pay by 18.75%, that is still less than you have put in your scheme, because it still does not add up to 100% of pensionable pay.

So, before you go bandying about 18% pay rises, why don't you read their paydeal properly and try and understand it before listening to bullsh1t.

Go on strike and the WHOLE company suffers. Other jobs WILL be lost and you will achieve nothing.

ACCEPT the paydeal and move on to the next set of negotiations in 18 months as a more unified and dignified group.

It's an inflation busting and very VERY fair deal in the business climate we are in currently.

Yours, a Virgin Atlantic A340 FO.
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