Posted by Jim Gilchrist on 09 October 2000 at 23:49:48:
In Reply to: ..and British Airways too. posted by David Day on 09 October 2000 at 19:19:05:
Is it more than a disconnected coincidence that the IBM Pension Trust has the CEO of BA Pensions Investment Management Ltd as a director?
Also from the Times on 30 September ....
Captain Mike Post is one of a group of disaffected members of the older plan, the Airways Pension Scheme (APS), who object to its merger with the New Airways Pension Scheme (NAPS). BA says the merger will generate more surplus to improve benefits and fund a contribution holiday from the NAPS.
The rebel members say their scheme's substantial surplus should stand apart from the NAPS to improve their benefits. Captain Post and his fellow campaigners are taking their battle all the way to the High Court. The hearing is on January 15.
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