Fully agree with Stampe - if a company ends up with two types of pension scheme ( applied to a particular group of employees ) then in 5 -10 years time, when the 'money purchase' members exceed the 'final salary' members, there will be a distinct lack of interest from the new guys when management starts playing around with salary/pension related matters. It creates an unbalanced playing field between pilots. Well done Britannia ! As Stampe states, the word pension is a misnoma - it is deferred pay.