Be interesting to see what the retention incentive of PA will be post 2015. By my calcs using ba and virgin pay scales and pensionable rights off BALPA, there is a pretty significant shortfall in accrued pay and benefits over the 23 years to 55, this is assuming rather hopefully that the ipp is simply shifted to 43 and pension paid out from 55. It also assumes you can get a gratuity in line with current accrual and you can secure 4% on it through paying off a lump sum off the mortgage.
Future stonking FRI? I hope so but doubt it would work for those doing the sums if it accounts for anything less than 100k Net! The actual figure you lose by staying in is closer to double this and it doesnt include per diem and other down route cash in hand benefits you would expect when working for a first rate company!
Last edited by VinRouge; 10th Jun 2012 at 09:46.