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Old 24th May 2002, 08:10
  #57 (permalink)  
Jet II
 
Join Date: Jan 2002
Location: West Country
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exeng,

Now that BA has failed to combine APS (suplus) and NAPS (black hole) I would have thought that the company would be seriously looking at scrapping final salary pensions for the current staff as well as the new starters.

This is the route that has already been taken by several UK companies (Iceland the biggest at the moment) to stop any obligation on the company to underwrite a pension scheme that is seriously underfunded.

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