PPRuNe Forums - View Single Post - NATS PENSION - IN DANGER?!
View Single Post
Old 23rd Nov 2001, 19:04
  #16 (permalink)  
Undercover
 
Join Date: Nov 2001
Location: Here to Eternity
Posts: 106
Likes: 0
Received 0 Likes on 0 Posts
Post

Sorry folks, but I think some here are trying to paint this blacker than it is.
The act of parliament that allowed PPP protected our pension - it cannot be altered so easily.
The figures show that by taking a 3 year contributions holiday, TAG are saving about as much money as it is costing to implement the improvements to the scheme that were asked for. You have to accept it can't all be take take take.
All those involved in the negotiations seem to be happy that the agreed moves will not threaten the scheme in the future.
The basic mistake we (myself included) sometimes make is to assume that as it's our pension fund, then any surplus belongs to us. It doesn't.
Undercover is offline