PPRuNe Forums - View Single Post - British Airways vs. BASSA (Airline Staff Only)
Old 29th May 2010, 09:17
  #4051 (permalink)  
DeThirdDefect
 
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What's next? Actually try to sort out the pension problem. Wind up the final salary pension scheme for current members like most other FTSE 100 companies have done?
In case you missed the news, BA does have a plan (agreed with the unions) to sort out the pensions problem.
If it didn't have a plan or that plan was judged to be ineffective, the pensions regulator would impose one of his or her own.
With the proposed changes in place, closing the schemes doesn't achieve anything; in fact it makes things worse for BA.
You're left with a deficit of exactly the same size that needs to be filled, only now instead of the burden of paying it off being shared by the company and contributing employees, the burden lies solely with the company.
(This is certainly the case for NAPS. Things are different with APS, the rules of which are less flexible.)
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