CEO Message Overview Environment Social Governance Index
Employee Health , Safety and Well-being
The Airports Authority has a long-standing commitment to the health , safety and well-being of our employees . We believe our employees perform their best at work when their well-being is supported . Our comprehensive benefits program is designed to support Airports Authority employees across multiple areas of health – physical , mental and financial . We are committed to comprehensive programming that aims to achieve work-life balance while fostering success .
Financial Well-being
We are dedicated to maintaining a competitive edge as an employer , ensuring our compensation and rewards programs are aligned with industry standards . Our approach focuses on three core principles :
1 . Equitable Compensation : We provide competitive and fair compensation packages tailored to each employee ' s role , experience and performance , acknowledging individual and collective achievements in excellence , cost efficiency and customer service .
2 . Long-Term Planning : We offer comprehensive financial stability programs , including life insurance , long-term disability coverage and retirement planning resources to our full-time employees . Our retirement savings plans , including 457 ( b ) and 401 ( a ) options , alongside a defined benefit pension plan , empower employees to plan for their futures confidently .
Retirement Plan |
|
|
|
|
|
( Pension ) Participation |
2019 |
2020 |
2021 |
2022 |
2023 |
General Plan 2,016 2,044 2,040 2,139 2,235
Police Officers & |
|
|
|
|
|
Firefighters Plan |
582 |
629 |
645 |
668 |
681 |
Retirement Plan |
|
|
|
|
|
( Pension ) Funding Ratios * |
2019 |
2020 |
2021 |
2022 |
2023 |
General Plan 100.7 % 99.2 % 101.9 % 104.3 % 98.8 %
Police Officers & |
|
|
|
|
Firefighters Plan |
99.1 % |
97.8 % |
101.1 % 104.5 % |
98.9 % |
3 . Income Protection : The Airports Authority offers disability income protection to employees . Our long-term disability benefit safeguards employees ' income in situations where they are unable to work because of illness or injury . This crucial program provides employees with a financial safety net in the face of unexpected challenges .
* Figures reflect actuarial value 24