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Old 15th Jan 2016, 19:41
  #2421 (permalink)  
Dave
 
Join Date: Feb 1999
Location: UK
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I think a major contributor to Longhaul SFO's not bidding for Shorthaul command has to be the NAPS pension issues (and thats not BA's doing it's the Government's).....

Why would you become a shorthaul captain to create a ~£300,000-350,000 pension liability (i.e. you OWE THE GOVERNMENT).... BA Pensions pay this to the Gov but then charge you MPF rate (currently around 9-9.5% interest PER ANNUM) on this figure.....

If you've got 20+ years to retirement that could virtually WIPE OUT your entire pension!

And no I'm not being melodramatic... the figures are out there!
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