PPRuNe Forums - View Single Post - British airways pension to close.
View Single Post
Old 14th Sep 2017, 07:13
  #66 (permalink)  
Walnut
 
Join Date: Jan 2006
Location: Cyprus
Age: 76
Posts: 270
Likes: 0
Received 0 Likes on 0 Posts
I believe BA is just following a trend pension debt is going up everywhere, the most obvious is the STRP where the retirement age has increased and will increase again, the inflation index has been weakened by about 1% moving from RPI to CPI. The UK has a pension time bomb in that most public sector pensions are unfunded, this can only be honoured by raising taxes. Things are only going to get worse, much worse.
Walnut is offline