Put more into my BA pension
For all service after 1 October 2010, the standard rate at which your pension builds up is 1/75 (for both Flying Staff and Ground Staff). All this means is that, when we work out your annual pension for service from 1 October 2010, we multiply your Pensionable service by your Retiring pay and then divide by 75.
You can pay more to build your future pension at a faster rate than the standard 1/75. All the build up rate options and the contributions you would pay for these are shown in the tables below.
You can currently change rates once a year on 1 October by completing the NAPS options form.
| All Staff – Plan 65 | |||
| Build up rates | Default rate 1/75 |
Faster build up option 1/67 |
Fastest build up option 1/60 |
| Contribution rate from 1 October 2010 | 3.75% | 6.00% | 8.25% |
| Contribution rate from 1 October 2011 | 5.25% | 7.50% | 9.75% |
| All Staff – Plan 60 | |||
| Build up rates | Default rate 1/75 |
Faster build up option 1/67 |
Fastest build up option 1/60 |
| Contribution rate from 1 October 2010 | 7.00% | 9.25% | 11.50% |
| Contribution rate from 1 October 2011 | 8.50% | 10.75% | 13.00% |
| All Staff – Plan 60 plus Option 55 | |||
| Build up rates | Default rate 1/75 |
Faster build up option 1/67 |
Fastest build up option 1/60 |
| Contribution rate from 1 October 2010 | 16.00% | 18.25% | 20.50% |
| Contribution rate from 1 October 2011 | 17.50% | 19.75% | 22.00% |
The contribution rates shown in the tables above are inclusive of the 1.5% contributions for Adult Survivor's pension cover. Contributions in respect of Members who do not pay for the Adult Survivor's pension cover will be 1.5% lower than the rates shown.
BAMPS
You can invest up to 50% of your Gross taxable pay in your individual retirement account. More contributions from you mean more from BA (up to 8% of Pensionable pay). So, let's say you put in 8% and BA adds 8%, you have a total of 16% of Pensionable pay going into your account each month.
And that's not all – you can pay more on top of the 8%, either to the Scheme or to an Additional Voluntary Contribution (AVC) fund. Put more on top of my BA pension.