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NEWSBRIEF  No. 68

 

CONTENTS                                                               25th June 2007.

 

1.      BA AGM  17th July  2007.

2.      Variable Pension Report.

3.     APS Pensioner Trustee Election 2007.

4.     ABAP AGM  8th October 2007.

5        Petitions to Mr Brown at 10 Downing Street.

6.      Occupational Pensioners Association Report.

7.      NAPS Members in Employment.

8.      Subscription  Renewal Warning 2007/2008.


 

 

  1. BA AGM  2007.

The Annual General Meeting of the shareholders of BA is on Tuesday 17th July  2007.   This year ABAP would like to have an even bigger input with our Block Vote.


So please will any Members with BA shares appoint Sandra Sellers of ABAP as your Proxy. 


This is done by completing the paperwork sent to you with details of the BA AGM and then returning it to BA.


We would also like as many ABAP shareholders of you as possible to attend the BA AGM as there is an “Open Mike “ session where anyone present is allowed to speak to the BA Board. 


This is an opportunity as a shareholder to raise issues of concern about the running of the company.

 

Last year questions were raised about the effect of the Climate Change Lobby on BA ,  the effect of the Move to Terminal 5 on  BA jobs , and the Lack of a BA Dividend in 2006.

 

2 . Variable Pensions Update.

ABAP has received no response to our request to Mr Maynard Chairman of Pensions Trustees that he set up a Working Group to seek a solution to this long running dispute.


However,  ABAP has been told by BA pensions that the Variable Pension issue will be reviewed as an Agenda Item at the Trustees Meeting  on Wednesday 27th June.

ABAP has said  that BA pensions has failed in its Duty of Care to the Scheme beneficiaries, but the Trustees still remain to be convinced  that the Variable has caused any financial difficulty or hardship.

 

ABAP is therefore requesting Variable Pensioners to update their financial situation with the VP.  Especially those ABAP members who have been “paying back” for many years.

 

Please write as below to:

  

Sandra Sellers (VPO)

ABAP

Unit 10

Solent Industrial Estate

Hedge End

Southampton

SO30 2FX

 

Those Members who have recently written in response to an ABAP “minisurvey” have had their replies forwarded to the Chair. 


Would those who answered by phone, please now write in to the above address.

 

3. APS Pensioner Trustee Election 2007.

At last APS pensioners have been granted another Pensioner Trustee to represent Pensioners on the APS Trustee Board in addition to the existing Pensioner Trustee standing for re-election.


Capt. Mike Post is standing for re election.


Graham Tomlin is standing for the new vacancy.

 

Both candidates are thoroughly recommended by ABAP.

 

Please remember to use your TWO votes when the forms arrive.

 

4.  ABAP AGM Monday 8th October 2007.

We are planning to have a Guest Speaker again this year at the AGM

 

We may invite Dr Ros  Altmann , the well known pensions consultant, who is constantly in the press & on TV campaigning for those 125000 pensioners who have lost their entire pension when their employers became insolvent.

 

Or we may invite an Actuary to help all of us make sense of the Valuations that are carried out at APS & NAPS.

 

Please let us know if this is of interest.

 

5. Petitions Online to No 10 Downing Street

There is now direct access to the Prime Minister at No 10 via the internet.

Members with access to the internet may now set up, or just sign, petitions to the PM with this new online service. Point your browser at:


http:/petition.pm.gov.uk/

 

E-petitions are no different to the paper versions which we delivered by hand or post to No 10 over many years.  The advantage is that petitioners will now be able to reach ever greater numbers than before by connecting people across the web & allowing them to sign up.

 

Take a look, there are many issues you may wish to support.  Signing is quite easy and you may support as many as you like.

 

 6.  Occupational Pensioners Alliance:  Reporting.

ABAP is part of a much larger Occupational Pensioners Alliance.  OPA has a website to be found at:


http://www opalliance.org.uk  


The Alliance works tirelessly to keep us informed and to lobby hard on issues that matter to us all.


It provides up to the minute news on pensions as printed in the press.

     

      7.  NAPS Members in Employment.

Remember you have just days now to submit your decision to Whitelocke House about whether you wish to pay extra to retain higher benefits.


We know that BA Pensions staff have been hard pressed to cope with the numbers of Members with questions.


If you still need an answer please let ABAP know.

 

8. ABAP Subscriptions 2007/2008.

Subscription renewal for the coming ABAP year 2007/ 2008 is due as from 1July 2007. 


Many thanks for your continuing support

 

Please complete the form and return with your cheque to


ABAP

Unit10

Solent Industrial Estate

Hedge End

Southampton

SO30  2FX

 

Please note that this year a line has been added for Donations.

 

We close by reminding members that Summer 2007 in the UK is forecast to be the warmest on record so keep the suncream next to where you hang your mac.

 

The Committee of ABAP                                                        25th June 2007.