At a glance
| NAPS Plan 65 | |
| What you pay | The standard contributions are 3.75% from 1 October 2010 (rising to 5.25% from 1 October 2011) |
| What BA pays | The balance necessary to provide your pension |
| What you get at retirement |
A 'Post2007' service pension worked out as 1/60 of your pay at retirement for
every year of Pensionable service in Plan 65 from 1 April 2007 and then 1/75 of your pay from 1 October 2010 PLUS A 'Pre2007' service pension based on your pay at the later of 31 March 2007 or age 60 (Ground Staff), age 55 (Flying Staff) and your Pensionable service up to 31 March 2007 |
| What your family gets | A Lump sum, an Adult Survivor's pension, and Dependent children's allowances |
| If you leave | Your choice to get a deferred pension or transfer to another Scheme |
| NAPS Plan 60 | |
| What you pay | The standard contributions are 7.00% from 1 October 2010 (rising to 8.5% from 1 October 2011) |
| What BA pays | The balance necessary to provide your pension |
| What you get at retirement |
A 'Post2007' service pension worked out as 1/60 of your pay at retirement for every
year of Pensionable service in Plan 60 from 1 April 2007 and then 1/75 of your pay from 1 October 2010 PLUS A 'Pre2007' service pension based on your pay at the later of 31 March 2007 or age 60 (Ground Staff), age 55 (Flying Staff) and your Pensionable service up to 31 March 2007 |
| What your family gets | A Lump sum, an Adult Survivor's pension, and Dependent children's allowances |
| If you leave | Your choice to get a deferred pension or transfer to another Scheme |
| NAPS Option 55 (closed to new participants) | |
| What you pay | The standard contributions are 16.00% from 1 October 2010 (rising to 17.5% from 1 October 2011) |
| What BA pays | The balance necessary to provide your pension |
| What you get at retirement |
A 'Post2007' service pension worked out as 1/60 of your pay at retirement for every
year of Pensionable service in Option 55 from 1 April 2007 and then 1/75 of your pay from 1 October 2010 PLUS A 'Pre2007' service pension based on your pay at the later of 31 March 2007 or age 60 (Ground Staff), age 55 (Flying Staff) and your Pensionable service up to 31 March 2007 |
| What your family gets | A Lump sum, an Adult Survivor's pension, and Dependent children's allowances |
| If you leave | Your choice to get a deferred pension or transfer to another scheme |
| BAMPS | |
| What you pay | 2% minimum 50% maximum |
| What BA pays | Matched contributions up to 8% |
| What you get at retirement | A pension bought with the value of your individual retirement account |
| What your family gets | A Lump sum and whatever you arrange for your dependants at retirement |
| If you leave | Your choice to let your account grow with returns or transfer to a new scheme |