Here in BACE, about a third of our pilots, not to mention a lot of non aircrew, are in a final salary pension scheme. This scheme was closed to new joiners by the management with no negotiation, or even advance warning late last year.
A valuation is approaching, can't be good news, and the Company refuses to assure us of their commitment to the scheme's safe continuation. I think they underestimate the amount of trouble even 250 pilots out of 650 can cause if they think they can get away with closing it or trying to make us pay more for it.
Any other Airlines out there who have Final Salary schemes under threat - what are YOU doing about protecting YOUR scheme, maybe we can learn something.
