WRT passing the costs of the scheme on I agree with ayrprox on this one. In fact, for those staff employed before privatisation NATS CAN pass on the costs of the scheme as part of its licence.
If we accept these proposals it's the end of the final salary scheme (due to the 0.5% above RPI cap)
I want to see what Pay 2009 looks like too. Should we prepare ourselves for another shafting? TUs should be insisting any deal (and it needs to be a good one) is implemented on 31st Dec 2008 at the latest to ensure the pension restrictions are applied after the next rise.
Not sure I like the sound of the SMART pensions either...... I quite like the idea of my money going into my scheme, rather than relying on the company paying it.. or am I just being over cynical here?????