Originally Posted by
parabellum
Turin - I can remember back in the late nineties I did a layover in Jo'burg, BA used the same hotel then, in Rosebank, I think. In the hotel at the same time as us was the first Hamble cadet to reach retirement age, (possibly 55?), if what we were told was true and not a wind up this Captain was retiring with 100K lump sum and an annual pension of around 80K. Does this mean that you are now going to have to make do with an annual pension of only 65K?
Yes, those numbers would be credible for an APS contributor and even more so if they took the " crystalization" option at 50 yrs, which many did. I joined NAPS in NOV 1987, one of the first to do so.
Many of my colleagues a few years senior were in APS and their full career pensions were certainly 80k-110k range plus lump sum.