Any Airlines still offer a final salary pension to new joiners?
Thread Starter
Join Date: Feb 1999
Location: UK
Posts: 58
Likes: 0
Received 0 Likes
on
0 Posts
Any Airlines still offer a final salary pension to new joiners?
Any Airlines still offer a final salary pension to new joiners?
Thats my question, I'm just curious....
Cheers.
Thats my question, I'm just curious....
Cheers.
Join Date: Mar 2006
Location: On the flight deck of course !!
Posts: 475
Likes: 0
Received 0 Likes
on
0 Posts
Probably Air France.
LITTLE PROB : Air France has killed all french airlines, in order to get the monopoly ... so now, this national pension scheme is about to be very short of money, because only air france crew are still alive !!! In about 20 years time, this scheme wont be able to pay the individual retirements then
The french equivalent of BALPA (=SNPL) has been complaining a lot about this red warning ! so now bloody french politics have found out a solution to this problem : " all companies having a base on the french territory for their crew, will have to use french contracts "-----> in other words, easyJet crew based at Paris, Ryanair crew based at Marseille, etc, etc, will all have to sign a contract under french law, and they will have to pay for this national scheme in order to help their air france collegues to have a nice retirements pension scheme
Made in (Air) France.
Join Date: Oct 2006
Location: on the sunny side
Posts: 16
Likes: 0
Received 0 Likes
on
0 Posts
No empirical data per se, just that with investments, historically, not performing as previous 20 years; people living longer; companies trimming everything to the bone etc etc. Consequently Tfly will not want to increase contributions, to keep the scheme viable, and I doubt members of the scheme REALLY know how much they will have to increase contributions to keep it afloat.