The Aircrew Scheme is a defined benefit scheme. The benefits payable by your scheme are guaranteed by the Crown.
Each year the Board’s Actuary carries out a review of the scheme to determine an employer contribution rate sufficient to meet the accrued and future liabilities of the scheme. Following the actuarial review completed as at 31 March 2025, effective from 1 April 2026, the employer contribution rate was amended from 650% to 540% of contributor’s contributions, with a separate annual contribution towards the scheme’s expenses of $244,452 inclusive of 39% ESCT by the employer.
The investment return (after tax and expenses) earned by the scheme for the year ended 31 March 2026 was 1.78% (2025:3.51%).
The Trust Deed for the scheme was amended on 29 July 2026. The amendment made changes to retirement provisions to allow contributors from the age of 60 year to access retirement benefits without having to cease employment.
How your money is invested
The scheme's asset allocation strategy is set by the Board and reviewed regularly. The pie chart shows the scheme’s asset allocation strategy as at 31 March 2025 and 31 March 2026.
