BA pilots 'prepared to strike'?
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phoned pensions and asked why smiling CM's pension outline did not included my mod transfer and my increased accrual rate. the man on the other end of the phone informed me that they had only just heard about theese 'letters' and they had NO factual basis as far as pensions knew
keep trying to steal my furture from me, keep smiling at me in the cc whilst telling bare faced lies to my face, keep sending me letters imploring me to give for the sake of the company whilst you take take take, keep force drafting me on the flight deck whilst giving yourself weekends/xmas/new year/bank holidays off.
please can we strike, please. I've accepted that they won't honour their promises. i no longer feel i have to honour mine.
please force draft me this new year, please. cause i won't turn up.
keep trying to steal my furture from me, keep smiling at me in the cc whilst telling bare faced lies to my face, keep sending me letters imploring me to give for the sake of the company whilst you take take take, keep force drafting me on the flight deck whilst giving yourself weekends/xmas/new year/bank holidays off.
please can we strike, please. I've accepted that they won't honour their promises. i no longer feel i have to honour mine.
please force draft me this new year, please. cause i won't turn up.
Join Date: May 2000
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phoned pensions and asked why smiling CM's pension outline did not included my mod transfer and my increased accrual rate. the man on the other end of the phone informed me that they had only just heard about theese 'letters' and they had NO factual basis as far as pensions knew
keep trying to steal my furture from me, keep smiling at me in the cc whilst telling bare faced lies to my face, keep sending me letters imploring me to give for the sake of the company whilst you take take take, keep force drafting me on the flight deck whilst giving yourself weekends/xmas/new year/bank holidays off.
please can we strike, please. I've accepted that they won't honour their promises. i no longer feel i have to honour mine.
please force draft me this new year, please. cause i won't turn up.
keep trying to steal my furture from me, keep smiling at me in the cc whilst telling bare faced lies to my face, keep sending me letters imploring me to give for the sake of the company whilst you take take take, keep force drafting me on the flight deck whilst giving yourself weekends/xmas/new year/bank holidays off.
please can we strike, please. I've accepted that they won't honour their promises. i no longer feel i have to honour mine.
please force draft me this new year, please. cause i won't turn up.
BALPA's proposal is my bottom line.
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Isn't it a shame that industrial relations in the UK seem to have gone full circle. Back in the mid-1800s the employers were the ruthless new industrialists, the mill owners for whom employees were a necessary but unpleasant evil required to make the factories work. Then by the turn of the 20th century things had improved somewhat with far sighted industrialists such as Rowntree, Salt, Lever and Cadbury recognising that their staff were valuable assets, demonstrating social awareness and still making a fortune. One hundred years later and we're back where we started from. The staff are scum once again, an asset to be exploited ruthlessly, to be squeezed for every last uncomfortable saving regardless of its significance to the bottom line whilst the macho mill owners move from one industrial relations disaster to another, coining it in as they go. How depressing.
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How very true HS.
Sadly our management don't seem able to differentiate between groups of staff who are professional, productive and bench-marked (and who would be highly motivated if they were treated as such) and others who are unprofessional, less productive and paid way above the market rate for the job they are doing.
I guess they just don't care where the savings come from so they pick the easiest groups to target.
Thank goodness the 'enough is enough' mentality has finally taken root amongst nigeldom at large. It is way overdue IMHO.
Sadly our management don't seem able to differentiate between groups of staff who are professional, productive and bench-marked (and who would be highly motivated if they were treated as such) and others who are unprofessional, less productive and paid way above the market rate for the job they are doing.
I guess they just don't care where the savings come from so they pick the easiest groups to target.
Thank goodness the 'enough is enough' mentality has finally taken root amongst nigeldom at large. It is way overdue IMHO.
Join Date: Apr 2005
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IcePack,
Next weeks Headline "Due to the forward bookings the company will be watering down your pensions by another 10% to be fair"
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Staff are asked not to look at the company share price until NAPs has been closed down???
Next weeks Headline "Due to the forward bookings the company will be watering down your pensions by another 10% to be fair"
.
Staff are asked not to look at the company share price until NAPs has been closed down???
Join Date: Apr 1999
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Uh-Oh, Looks like BASSA have started Balloting thier members over a host of issues, including the pensions. I guess they are wanting to make sure they can strike over Christmas if they choose to.
I'm not allowed onto the BASSA website, but on the front page it mentions balloting etc, and not surprising the Daily Mail (BA's Friend) has the story as well.
Merry Christmas!
I'm not allowed onto the BASSA website, but on the front page it mentions balloting etc, and not surprising the Daily Mail (BA's Friend) has the story as well.
Merry Christmas!
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The pension problem is not peculiar to BA. All companies with final salary schemes have had problems, such that most have now been closed. BA staff are fortunate that theirs is still in place. It is natural that you should vent your anger on the company for the parlous state of affairs, but the real culprit is Gordon Brown. Every year since 1997 he has plundered the pension funds to pay for his excesses. When Robert Maxwell did it, he was considered immoral. Gordon Brown is as bad, if not worse. He is plundering your pension fund to increase the size of his electorate in local government and the civil service, all of whom retire at 60 on indexed linked final salary schemes.
Incidentally, the pilots will not strike.
Incidentally, the pilots will not strike.
Join Date: May 2004
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Well said BIG MACH.
Civil service pensions; which of course include Police, Health Service, the Military etc...etc is or are the elephant in the sitting room. Gordon Brown is in fact raiding private sector pensions to fund the public sector. It's unfair, criminal and fraudulent. You've got one sector of the population who contribute very little to the nation's wealth being subsidised by the sector that does contribute whilst "enjoying" far less security.
Civil service pensions; which of course include Police, Health Service, the Military etc...etc is or are the elephant in the sitting room. Gordon Brown is in fact raiding private sector pensions to fund the public sector. It's unfair, criminal and fraudulent. You've got one sector of the population who contribute very little to the nation's wealth being subsidised by the sector that does contribute whilst "enjoying" far less security.
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Did I hear correct that Gordon's extra take from pensions schemes amounts to approx 100 Billion stg over the past ten years ..... 
and everyone seems to have forgotten about it .... amazing
that's 100,000,000,000.00 stg
and everyone seems to have forgotten about it .... amazing
that's 100,000,000,000.00 stg
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The more Gordon can make the private sector pay into pensions, the more he can rob them, if he can see due to his ongoing raid that started in 1997 that private sector people are living like mice to save for old age, they can afford more and he will take when it suits him.
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Time to get a job in the public sector me thinks, or just go on the dole.
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The only honest thing he should do is work out how much he has robbed from the private pensions, then apply same to public pensions and backdate to 1997 on a pro-rata basis. Not a chance in hell me thinks!!!
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Time to get a job in the public sector me thinks, or just go on the dole.
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The only honest thing he should do is work out how much he has robbed from the private pensions, then apply same to public pensions and backdate to 1997 on a pro-rata basis. Not a chance in hell me thinks!!!
PPRuNe Person
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Incidentally, the pilots will not strike.
FWIW, if this goes to a ballot, all the indications from BALPA members are that they will vote in favour. Whether there is a strike or not will then be up to BA - they can fund BALPA's 'position' - if they choose to. If so, no strike.
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oooh big mac
Big mach reckons this is to do with gordon brown
big mach do you know when ba went private they took thier pension funds with them it is managed by bank of new york
estd worth around 12 billion again it is managed by bank of new york a private bank not a bank of england undertaking so browncannot put his fingers in that pot
If this sounds too complicated for you big mach then please log on to labour forum and critise mr brown
rest of us will wait for the ballot
big mach do you know when ba went private they took thier pension funds with them it is managed by bank of new york
estd worth around 12 billion again it is managed by bank of new york a private bank not a bank of england undertaking so browncannot put his fingers in that pot
If this sounds too complicated for you big mach then please log on to labour forum and critise mr brown
rest of us will wait for the ballot
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Sikeano, dividends and other payments made by companies are usually paid net of tax of up to (I think) 34%. Previosuly pension funds were allowed to claim this tax back from the government.
In 1997 Gordon Brown changes the rules to prevent pension funds claiming this tax back, therefore effectively intorducing a tax on the income of pension funds.
When you consider the amount of money tied up in UK pension funds and the income this produces, the Treasury does very nicely out of the new rules.
In 1997 Gordon Brown changes the rules to prevent pension funds claiming this tax back, therefore effectively intorducing a tax on the income of pension funds.
When you consider the amount of money tied up in UK pension funds and the income this produces, the Treasury does very nicely out of the new rules.
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It is a 10% dividend tax that has to be retained by the company on disbursement of the dividend. Hence, when you receive the dividend, you pay the additional 30%, or whatever your tax band required. Pension funds could previously reclaim this 10%, however they cannot now do so.
Value of the "tax" is equal to 10% of all dividends in the past 9 years, of company shares held by pension schemes. There are no other payments made that are taxed.
Sikeano - you make no sense and sound like a drunkard. BoNY have nothing to do with it - the tax regime is UK-based, and the matter in question is highly significant.
Value of the "tax" is equal to 10% of all dividends in the past 9 years, of company shares held by pension schemes. There are no other payments made that are taxed.
Sikeano - you make no sense and sound like a drunkard. BoNY have nothing to do with it - the tax regime is UK-based, and the matter in question is highly significant.
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Sorry chaps it is me drunk again
We seem to miss the point the forum was started for some support for the pilot community against the bullying by the ba mangement .If the decision goes in favour of BA we all will be effected by this .Cos if BA can get away with not paying your pension what is that stopping the others
Now i am not a bean counter and i haven't got the foggiest idea about 34%tax, i pay 40% tax that means i work for gordon brown for upto mid may then i get to keep what i earn after that
The invstment of pension funds is done by the board and they (we hope ) know what they doing ie get a good return on the investment and this return if i may understand is taxed
The point was about the original funds which instead of being given to the pilots who worked hard all thier lives is being kept in some funds so the BA board can make some money out of it whilst the retiered pilots from BA just wait
I am sorry if i sound arrogant or Allegedly drunk blame it on the landlord of my pub here in my village
We seem to miss the point the forum was started for some support for the pilot community against the bullying by the ba mangement .If the decision goes in favour of BA we all will be effected by this .Cos if BA can get away with not paying your pension what is that stopping the others
Now i am not a bean counter and i haven't got the foggiest idea about 34%tax, i pay 40% tax that means i work for gordon brown for upto mid may then i get to keep what i earn after that
The invstment of pension funds is done by the board and they (we hope ) know what they doing ie get a good return on the investment and this return if i may understand is taxed
The point was about the original funds which instead of being given to the pilots who worked hard all thier lives is being kept in some funds so the BA board can make some money out of it whilst the retiered pilots from BA just wait
I am sorry if i sound arrogant or Allegedly drunk blame it on the landlord of my pub here in my village
Well said BIG MACH.
Civil service pensions; which of course include Police, Health Service, the Military etc...etc is or are the elephant in the sitting room. Gordon Brown is in fact raiding private sector pensions to fund the public sector. It's unfair, criminal and fraudulent. You've got one sector of the population who contribute very little to the nation's wealth being subsidised by the sector that does contribute whilst "enjoying" far less security.
Civil service pensions; which of course include Police, Health Service, the Military etc...etc is or are the elephant in the sitting room. Gordon Brown is in fact raiding private sector pensions to fund the public sector. It's unfair, criminal and fraudulent. You've got one sector of the population who contribute very little to the nation's wealth being subsidised by the sector that does contribute whilst "enjoying" far less security.
Back in the real world the Civil Service isn't a job for life, with widespread casualisation and short-term contracts, and those final salary pensions have been used as the justification for years of below inflation pay rises and salaries below market rates.
Don't fall for the oldest trick in the book, divide and rule...