Lets get something straight....
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CAAPS, Deed of Trust/Promise is extremely good protection. It makes it very difficult for changes to be made in the current scheme but only relates to members of the scheme prior to July 2001. There are employees who are not protected by it !!
The TRUST/DEED is NOT PERFECT, but it is as good as the unions could get for PPP.
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NATS, under PPP, was set up as a
NOT FOR PROFIT company, but look how, in such a short time, things have already changed in that respect !!
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In the latest NATS Pension Presentation, and interesting point they made was
"The Trustees cannot return any surplus in the scheme to NATS."
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mmmmh!! Do I detect they wish to get their hands on the £200million in OUR Pension Scheme ?? No, surely not !! HaHa.....
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Why is there such a rush to sell this one to Staff and not await the results of the Triennial Revue being carried out this month, with results due in March. Surely you would want to know exactly what is happening with the scheme before you make any hasty decisions ??
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I am going to lay my cards on the table here for BDI and others who support the changes...
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WHY NOT AWAIT THE TRIENNIAL REVUE IN MARCH 2007, SEE THE TRUE STATE OF THE SCHEME AND WHAT THE INDEPENDANT SCHEME ACTUARIE SAYS THE FUTURE HOLDS, THEN ACT ON WHAT THE TRUSTEES REQUIRE. ALL THESE PEOPLE INVOLVED ARE LEGALLY BOUND TO ENSURE THE BEST RESULTS FOR THE MEMBERS OF THE SCHEME. LET THEM DO THEIR JOBS !!-
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If they say the scheme is in difficulty, trust me, I will be the first to demand action be taken. If the scheme is fine, then, If it aint broke, don't fix it !!-
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PS......Glad everyone is enjoying the debate, but please, please....don't blindly believe everything you are told. ASK questions, of both sides, find out the facts for yourself, and finally make your own decision.
Cheers guys/gals.
