"Nothing will happen until next April"!!!!!
Pensions are along term benefit not only for those in receipt but for those who are working towards collecting them on retirement. ie it has a bearing on all within BA. So if the scheme is prepared to "donate" stg 300M back to the airline from a fund which we know is in serious deficit this can only add to the shortfall? So does this mean that everyones current or future pensions are to be reduced or put in jeopardy?? We need some answers here please.
If you recall many years ago Robert Maxwell raided stg 400M from the Daily Mail pension fund, there was a huge row and pension legislation was changed.
Is Willie Walsh doing the same thing?