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Forum: Terms and Endearment

11th Sep 2017, 21:43

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

As has already been pointed out, NAPS was closed...

As has already been pointed out, NAPS was closed to new entrants years ago - many BA staff are already on BARP so are on a less generous pension scheme. APS was the Golden age and there were plenty...

Forum: Terms and Endearment

11th Sep 2017, 20:55

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

There is no legal issue that stops IAG closing...

There is no legal issue that stops IAG closing their DB pension, after all many other companies have already done so. In this day and age nobody should expect pension arrangements to remain cast in...

Forum: Terms and Endearment

11th Sep 2017, 19:25

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

Your Pension is Your responsibility. If you...

Your Pension is Your responsibility.

If you want to offload that responsibility to somebody else (be it management or the government) then you cant complain about what you get.

Forum: Terms and Endearment

11th Sep 2017, 19:11

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

Of course they are perfectly entitled to spend...

Of course they are perfectly entitled to spend their money as they wish - however then they shouldn't bitch 40 years later when they have no pension.

Forum: Terms and Endearment

11th Sep 2017, 14:16

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

Meanwhile people will be flocking to shops later...

Meanwhile people will be flocking to shops later this week for the 'pleasure' of spending $1000 on a new iPhone......

Forum: Terms and Endearment

10th Sep 2017, 13:08

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

Fixing NAPS wouldn't have been a one off £500m -...

Fixing NAPS wouldn't have been a one off £500m - it would have been an indefinite commitment and now that BA is simply a subsidiary of IAG that commitment has to be weighed against other costs in the...

Forum: Terms and Endearment

9th Sep 2017, 12:13

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

It is cases like this that made me change my mind...

It is cases like this that made me change my mind from preferring Defined Benefit schemes to the Defined Contribution system. Yes the DB scheme in theory pays out more but the DC system is safer for...

Forum: Terms and Endearment

8th Sep 2017, 14:31

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

No - I transferred out when I left BA. It was an...

No - I transferred out when I left BA. It was an easy decision as NAPS (as opposed to APS) was in crisis for almost the entire length of my career with BA.

Hope those that remain dont lose any...

Forum: Terms and Endearment

8th Sep 2017, 13:58

Replies: 154

British airways pension to close.

Views: 86,357

Posted By Jet II

Unfortunately the writing has been on the wall...

Unfortunately the writing has been on the wall for years over the sustainability of NAPS. I was one of the lucky ones who got their money out but I do hope that those left behind are taken care of.
...

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