pensions...staff travel
For those of you still in employ, the pension may seem like a long way away, but it creeps round closer than you think. This is a more important issue for all of us than the short term issue of how many cc are on board.
In case you had not notice, earlier this year the whole ball game on staff travel for retirees was changed to the detriment of those with shorter service and expectations of longer life.
Previously retirees enjoyed lifetime staff travel. Now it is limited to the equivalent period as your length of service. The big issue is that this was done retroactively and applies to all. So those who chose early retirement in recent years on the promise of a lifetime benefit as part of the sweetner package, have now been dumped on.
You may also have noticed that the poor guys at JAL are fighting to stop their pensions being cut by 40% due to the fund deficit. This applies to existing as well as future pensioners.
Who knows where this will end?
Happy times.