UK - British Airways has told staff that their benefits could be slashed by 40% if the company became insolvent.
BA’s latest edition of its staff newsletter spells out the implications of its £928m deficit in the New Airways Pension Scheme.
“Although there is no indication from British Airways that it will not support the scheme in the future, the actuary has, nevertheless, looked at what the position might be if that support no longer existed,” the newsletter says.
This week's edition of Professional Pensions is out now
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