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For a lesson in how to cut pay and pensions while still appearing magnanimous, look no further than bae Systems, a British weapons-maker. On June 13th it won wide acclaim for a new pain-sharing plan to close the £3.5 billion gap between what it had promised to pay members of its defined-benefit pension plan and the assets set aside to do so. To fill the gap, the second-widest among quoted British companies, bae will put an extra £1.1 billion in cash and property into its fund. It will also increase its pay-related contributions by £642m over 20 years. Employees have accepted pay cuts of £592m over that period and future benefits will be trimmed by £77om.
机译:对于如何在仍然显得慷慨大方的同时削减工资和养老金的课程,英国武器制造商bae Systems就是最好的选择。 6月13日,该公司赢得了一项新的分担痛苦计划,以弥合其承诺向固定收益养老金计划成员支付的款项与为此预留的资产之间的35亿英镑缺口。为了填补这一差距,英国石油公司将在英国基金中额外投入11亿英镑的现金和财产,以填补这一差距。它还将在20年内将其与薪酬相关的捐款增加6.42亿英镑。员工在此期间接受了5.92亿英镑的减薪,未来的福利将减少7700万英镑。

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