UK - British Airways has denied its staff may be asked to increase contributions, accept lower pay outs or take cash incentives or pay rises in return for opting out of its final salary scheme.
Responding to reports that these were among a number of options on the table in a bid to tackle its £1.4bn pension deficit, BA insisted it is simply starting a three-month consultation with its emp...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
