British Airways is set to shut its lucrative final salary pension scheme as it battles a £3.7billion black hole.
The move will hit 17,000 workers who save for their retirement in the airline’s New Airways Pension Scheme (NAPS).
Instead, it will move members to its defined contribution scheme.But the move risks a battle with unions which will be concerned that stock market-linked pension schemes are less lucrative than final salary schemes. Strike risk: British Airways is set to shut its lucrative final salary pension scheme hitting 17,000 workers BA has been fighting a growing deficit in its pension scheme as it […]
Full Post at www.thisismoney.co.uk