BA settlement approved by court

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The High Court has approved a settlement proposal between British Airways and the trustees of the Airways Pension Scheme, agreed following a court battle lasting six years, the APS trustees said on Monday.

In April this year, the trustees and BA proposed a settlement which would prevent an appeal to the Supreme Court and included the trustee being permitted to award discretionary increases subject to affordability and up to RPI from 2021, with interim catch-up increases, while BA would cease to pay further deficit contributions, including cash sweep payments.

APS is now making arrangements for eligible members to receive the one-off lump sum (of up to 4.6%) and catch-up increase payments (of up to 1.7% and 0.7%) in the December 2019 pension payroll.