Traffic info is correct. Our TU Pensions Committee representatives seem to be about [ within 48hrs] to agree a deal with the NATS management that would give the company a 'Contributions Holiday' for 3 years and then 18 months at a very reduced rate. After which in order to meet the fund requirements for laibilities the employers contribution would have to rise to 30% [ actuarial advice]. I doubt that any employer would agree to a contribution rate of that level. The member trustees have advised the TU reps not to agree the deal. The latter appeared to have decided to ignore the advice of our Member Trustees, a situation that has never occurred before.
I suggest that all NATS staff should be urgently seeking answers from their TU reps as to why the Member trustee advice has been ignored on this occasion.