17 March 2010
In a move that is unrelated to the current cabin crew dispute,
British Airways (BA) has reached an agreement with unions over its
£3.7bn pension deficit which should avoid the necessity of
closing the pension scheme.
BA members can either keep their current contribution levels and
receive lower future benefits or they can opt to increase
contributions by 4.5 per cent to maintain current benefits.
A BA spokesperson said; "The proposals are intended to avoid the
closure of the pension schemes and maintain British Airways'
contributions at the current level of £330m per annum."
