Apparently the Airline Group ( owners of NATS) have agreed, with our unions, a pensions contribution holiday for themselves.
This is very disturbing as the NATS staff trustees are not in favour of this idea.
To summarise (a lot).......
They are concerned that at the end of this "holiday" period the likely contribution from AG will be about 30%, which is not likely to be realisable.
Under the rules, if this occurred, it would then behove the trustees to wind up the non-viable scheme and thereby allow the employers the easy and legal way out of pension contributions!
JUST WHO DOES OUR UNION REPRESENT??
