this does not bode well....
Sounds like union are resigned to two tier pension scheme...but am i right in thinking that this sounds a lot like...'new employeees will have a new !!!!e...i mean riskless pension, AND the current pension will change too?!
ayrporx
well if they had been contributing when they should have, rather than taking an extended payment holiday , they wouldn't be in such a position.
Nail on the ******* head.
Someone i know high up in union told me yesterday that we can expect something to come out fairly soon...something along the lines of an extremely good pay offer in return for changing pension. Whether that meant current and new pension for newbies or just new one for newbies...i dont know. However, that is where the battle is going to be faught and won/lost isnt it? Much like last pay deal 'here, have a couple of extra grand....theres no catch at all...oh, except we are going to gove new trainees nothing...but you dont care about them...they know what they are getting before they apply so dont worry...'
Management know what they are doing (oi! im serious...stop laughing), they will have been preparing for these negotiations for years, they will have plan after plan to get what they want.