This section applies to those:

• employed as a pilot, navigator, flight engineer or qualified flying instructor,
• whose contract of employment specifies that they may join the Scheme as an Aircrew member, 
• who are more than one year away from Normal Retirement Date at joining,
• who joined the Scheme on or after 6 April 2003.

Membership categories
Category A: Aircrew and test pilots flying high performance aircraft who have a contractual retirement age of 50.

Category B: Pilots or navigators flying high performance aircraft, or aircrew employed primarily on development test flying of civil aircraft and their derivatives, and who have a contractual retirement age of 55.

Category C: Aircrew not eligible for any other category of membership and who have a contractual retirement age of 60.


Contributions
You pay 4% of your Basic Salary towards your Core Pension. The rate that the Company contributes towards Core Benefits is determined by the Trustees in consultation with the Company and with advice from the Scheme’s Actuary.

In addition, the Company contributes to your Retirement Account according to your category of membership, as follows:

• Category A: 21% of your Basic Salary
• Category B: 8.5% of your Basic Salary 
• Category C: 3% of your Basic Salary

This, plus any Voluntary Contributions that you pay and any transfer in from another pension arrangement, will be invested with an insurance company who have been appointed by the Trustees to manage the Retirement Account (currently Standard Life Assurance). You will be able to choose how your Retirement Account is invested from a range of funds selected by the Trustees.


You can download the Level 100+ booklet and the Aircrew Addendum below.

Downloads

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Download all files in a single zip file
Level 100+ Booklet	1.63MB	09/05/2008	Download
Aircrew Addendum 100+	1.10MB	01/05/2008	Download