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Old 9th Feb 2016, 08:30
  #12 (permalink)  
yotty
 
Join Date: Apr 2002
Location: england
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Big Change At Big Airways.

For your edification Barcli, The 2 final salary schemes (now closed to new entrants) were contracted out of SERPS. Thus lower rates of NI applied. With the new state pension regime both BA and the staff are required to pay more. In the legislation the government enabled employers to pass on their costs to the employee (in addition to the employee increase). It's around £100/month extra which equates to a significant pay cut!
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