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Old 15th June 2009 | 10:23
  #754 (permalink)  
exeng
Mistrust in Management
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Joined: Mar 2000
Posts: 986
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From: UK
wobble2plank

Where did this little gem pop up from? This is about CC productivity but yet again we get mired into a 'but he's got more than I've got' playground argument. This has been explained many times before. Suffice to say that those who contribute less get less, simple truth rules of pension fund accumulation.
Apologies for thread creep but that statement is somewhat of an oversimplification in my opinion.

The statement is true if you are a member of the latest scheme (effectively money purchase). It is not necessarily true if you were a member of APS or NAPS. For both Flight Deck and Cabin Crew (and others) your final pension is loosely dependent on your final pay (with details too numerous to mention here).

So if you joined the airline as a check-in agent (in APS) and stayed for 30 years retiring as a check in agent (without any promotion) then your pension would be based upon your final salary with any increments. If you start as an F/O and stay as an F/O for say 15 years and then become a Captain for 15 years your pension will be based on your final salary as a Captain (PP24) although for 15 years your contributions would have been based on the salary of an F/O.

Same is true for Cabin Crew I might add who join as Main Crew but end up as a CSD.

I know at least two people who are still in the same grade on the ground as they were 38 years ago and it is folk like this who, to an extent, fund the additional benefits a lot of us enjoy.

I wish you all the best in emerging from the current mess relatively unscathed. Whilst I hold a healthy suspicion of anything that comes from the mouth of BA management it would seem to me that in truth these are difficult times for the airline and that something has to give.

I'm sure it has been looked at by all (hopefully BASSA also) but temporary concessions would be the route that I would have wished to see - however I suspect that BA are looking for more permanent solutions.


Regards
Exeng
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