British Airways’ new employee pension scheme should result in annual savings of £80 million ($112 million), its parent company International Airlines Group (IAG) said. UK carrier British Airways (BA) closed its New Airways Pension Scheme (NAPS) to future accrual and its British Airways Retirement Plan (BARP) to future contributions from March 31. They have been replaced with a flexible benefits scheme, incorporating a new defined contribution pension scheme, called the British ...

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