British Air bumps up retirement age--to 60

[General Lee]

UPDATE 2-BA offers retiring age concession in pension talks

Thu Nov 16, 2006 6:13pm ET

(Recasts with BA, union statements)
LONDON, Nov 16 (Reuters) - British Airways Plc (BAY.L: [URL="http://stocks.us.reuters.com/stocks/overview.asp?symbol=BAY.L&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#0000ff]Quote[/COLOR][/URL], [URL="http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=BAY.L&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#0000ff]Profile[/COLOR][/URL], [URL="http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=BAY.L&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#0000ff]Research[/COLOR][/URL]) said on Thursday it was willing to revise a plan to raise the age of retirement for staff in return for higher pension contributions, but unions warned the concessions did not go far enough.
The two sides met earlier to discuss proposals to tackle BA's pension deficit and said the talks would continue. BA said a major issue was its plan to lift the retirement age to 65 from 55 for air crew and from 60 for ground staff.

In response, it offered all staff the option to retire at 60 in return for increased employee pension fund contributions. "We recognise that normal retirement age was a sticking point and we have put forward an option that allows staff to retire at 60," BA Chief Financial Officer Keith Williams said.



Wow, even they get it. At 60 they should be GONE. From 55 to 60, what a concession. Did they follow the ICAO lead? Nope. Remember ICAO stated that males could easily fly to age 65, and females to 68 or 69. That, I guess, should be the new rule (according to ICAO)---men go to 65, and women go to 69. A sky full of old grandmas flying around.....


Bye Bye---General Lee

 

[propjob27]

I wish we could lower ours to 55.

 

[FoxHunter]

UPDATE 2-BA offers retiring age concession in pension talks

Thu Nov 16, 2006 6:13pm ET

(Recasts with BA, union statements)
LONDON, Nov 16 (Reuters) - British Airways Plc (BAY.L: [URL="http://stocks.us.reuters.com/stocks/overview.asp?symbol=BAY.L&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#0000ff]Quote[/COLOR][/URL], [URL="http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=BAY.L&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#0000ff]Profile[/COLOR][/URL], [URL="http://stocks.us.reuters.com/stocks/analystResearch.asp?symbol=BAY.L&WTmodLoc=HybArt-C1-ArticlePage1"][COLOR=#0000ff]Research[/COLOR][/URL]) said on Thursday it was willing to revise a plan to raise the age of retirement for staff in return for higher pension contributions, but unions warned the concessions did not go far enough.
The two sides met earlier to discuss proposals to tackle BA's pension deficit and said the talks would continue. BA said a major issue was its plan to lift the retirement age to 65 from 55 for air crew and from 60 for ground staff.

In response, it offered all staff the option to retire at 60 in return for increased employee pension fund contributions. "We recognise that normal retirement age was a sticking point and we have put forward an option that allows staff to retire at 60," BA Chief Financial Officer Keith Williams said.



Wow, even they get it. At 60 they should be GONE. From 55 to 60, what a concession. Did they follow the ICAO lead? Nope. Remember ICAO stated that males could easily fly to age 65, and females to 68 or 69. That, I guess, should be the new rule (according to ICAO)---men go to 65, and women go to 69. A sky full of old grandmas flying around.....


Bye Bye---General Lee[/quote]

general, please read that again. They have changed the retirment age for pilots from age 55 to age 65, but they have set the normal retirement age at 60. That young man is what has been sought in the USA. Age 60 will still be the normal retirement age, but we will have the option to stay to age 65.

 

[G4G5]

It's going to 65.

Currently it's 55. The new program is an instant jump to 60, then phase in 65 over the next five years.

Apparently they "don't get it"

Not for 65 but planning for 65