Is there life assurance?
Yes, the life assurance cover depends upon which schedule you belong to. However, there are restrictions if you did not join the scheme when first eligible.
Will my Spouse get a pension if I die in service?
When can I draw my pension?
How are my contributions invested?
Schedules 1, 2 and 3
The contributions you pay into the core scheme do not attract any investments. These go towards meeting the overall cost of providing the core benefits which are linked to your final pay and service. The employer pays the balance of the cost.
If you are a member of Schedule 1 or you pay Additional Voluntary Contributions (AVCs) you have a range of funds in which you can invest with Legal & General. If you don't make a choice, then your pot will be invested in the Airbus Cash Lifestyle Profile.
The Airbus UK Retirement Plan
Your contributions are invested in a range of funds offered by the Trustee. If you don't make a choice, then your Retirement Fund will be invested in the Airbus Drawdown Lifestyle Profile.
What type of pension scheme do Airbus offer in the UK?
What options do I get at retirement?
What happens if I go on maternity/paternity/adoption leave?
How is my pension calculated, if I change my working hours?
Can I transfer pension benefits into the Scheme from other pension schemes?
What happens if I leave employment?