PPRuNe Forums - View Single Post - BA pension deficit £3.7bn....!
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Old 14th Dec 2009, 13:11
  #17 (permalink)  
M.Mouse

Controversial, moi?
 
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Willie, don't even THINK of asking the pensioners for help!
If you think that the problem is just BA's then I suggest you may have a shock in store.



Airbus Unplugged

Investment strategies are determined by the fund's profile and is not a wholly free choice of fund managers but well done for a hat trick of false assertions.



Pension contribution holidays were a legal requirement when BA last took one, and that was for APS not NAPS. It was illegal to continue paying in to a fully funded scheme.

Gordon Brown removed Advance Corporation Tax Relief in 1997, that has been costing pansion funds around £5bn p.a. since.

BA cannot afford to put more into the pension funds than it is already doing. The last ten year plan saw BA's already massive contributions upped by £170m p.a. I am sure it has not escaped attention but BA is losing money hand over fist at the moment.

joetom

You keep repeating
...... in 2007, part of the deal was flying staff got a nice increase in their pensions...
. That assertion is untrue and you are sadly misinformed if you believe otherwise.
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