PPRuNe Forums - View Single Post - British airways pension to close.
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Old 8th Sep 2017, 19:40
  #15 (permalink)  
bex88
 
Join Date: Jan 2012
Location: Uk
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Correct me if I am wrong but BA are looking to close NAPS to future payments and not closure of the entire scheme in itself. Members future contributions will go into BARP. The money put in will still be paid out to members and the 3.7 billion deficit should be covered over the next 10 years because BA is going to pump hundreds of millions into it to fill the black hole.....you never have anything until you have it and a pension can never be 100% secure. End of the day the talk of money being stolen is a bit off the mark. Is the reality not that people are taking out more than they ever put in?
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