British Airways: failure of negotiations on financing of pensions funds

In exchange for the raising of the retirement age, from 55 to 60 for pilots, from 55 to 65 for cabin crew, and 60 to 65 for the ground personnel, the airline company offers to its employees the possibility to retire at 60, if they increase their contributions to the pension fund. The rate would thus be raised from 5.25% or 6.5% (depending on the categories) to 10 or even 11.25% of the salary. Trade unions find this hike excessive and are asking BA to make other proposals.

e-europnews November 20