BA defers £450m of DRCs after 'swift and severe' pandemic closures

James Phillips
clock • 2 min read

British Airways (BA) has deferred deficit recovery contributions (DRCs) totalling £450m following an agreement with trustees after a catastrophic year for the airline industry.

The £37.5m per month payments to the New Airways Pension Scheme (NAPS), plus interest, will instead be added to the end of the scheme's recovery plan in 2023. Interim deferrals had already been ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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