PPRuNe Forums - View Single Post - BA pension deficit £3.7bn....!
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Old 15th Dec 2009, 10:27
  #32 (permalink)  
Trident Sim
 
Join Date: Jan 2001
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Can't see the £1.8M accrual being right.
Agreed, in many cases the correct figure is likely to be higher, in some cases considerably so!

Notional calculations of funding levels typically work at 5% (nice work if you can get it). £1.8M implies an annual pension of £90k, which at two thirds of earnings means current salary of about £130k.
And your point is?

Current basic top rate for a 24yr BA B777 Captain is £144,448 pa.

Instructors and checkers earn more, as do management pilots, and their CITV's will be correspondingly higher.

If these numbers are in fact right it explains a lot of BA's problems, pension and otherwise.
And your point is?

Please see previous posts from ScotsAndy, Rainboe and M Mouse for some enlightenment on the topic.
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