Flexible Retirement is an option introduced by British Airways (BA) from October 2012. It gives you one opportunity at any time from age 55 to obtain BA's consent to permanently reduce your working hours and draw all or part of your pension benefits built up to that date whilst continuing to build up further pension for future service. Your remaining benefits must then be drawn at final retirement.
Full details of the Flexible Retirement option are contained in the Flexible Retirement Information Leaflet (APS).
Members who have passed their Normal Retirement Age (NRA) and elected to crystallise their pension can draw part of their pension under Flexible Retirement and will continue to receive late retirement increases on their remaining pension until final retirement. Full details of the Flexible Retirement option for members who have crystallised their pension are contained in the Flexible Retirement Information Leaflet (APS & NAPS Crystallised).
The full terms and conditions for reducing working hours for Flexible Retirement are available on the BA intranet, together with the process for applying for line manager authority.