I personally expect Nats to close the fund to all new employees except ATCO's. This is consistent with their strategy of seperating them from other grades of ATC staff in collective bargaining. This would hamstring Prospect ATCO branch from taking any action to support other satff grades but allow the company to reduce it's cost base, with minimal risk of disruption, and reduce route charges.
It's also a strategy that would be easy for ERG to accept. ERG are part dunderheads and part straight jacketed by the rules placed upon them by the Government. Why dunderheads? Only a true cretin could allow a "not for profit organisation" to make a profit, without compelling it to return a big chunk of this by reducing charges.
I'm an ATCO, and I find the whole concept as repulsive, but that's where my money is. I could wax lyrical about this issue, but at the end of the day we are (at NATS) victims of Tony and his ignorant mates. Viz, there is a huge pensions crisis so lets have a policy to close a well funded, successful fund, so a bunch of companies (airlines) who have a disgusting record on funding their own pension schemes can become 'profitable'. W@nkers the lot of them!