Summary
Up to 400 workers at Birmingham Airport are to be balloted on a hard-won pension U-turn which would see their final salary scheme retained despite a deficit of pounds 26 million.
Union negotiators fighting to preserve the scheme in the face of the large short-t fall have hailed the proposals as the "best deal that can be achieved through negotiation."See the full content of this document
Extract
Deal On Airport Pensions ; Weekonk Theweb
The compromise, which would still see benefits in respect of future service reduced by 30 per cent for final salary scheme members, has been achieved following six months of negotiations.
Unite regional officer John Partridge said: "It looks as though we are finally going to do a deal to retain the final salary scheme. By our dogged persistence, we have managed to keep some form of the final salary...See the full content of this document
Sponsored links
