Where Has The Regulator Told Nats To Cut Its Pension Costs ??
BDI...
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You keep saying that NATS has been told by the regulator to cut its pensions costs. Please show me where they have said this?
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"For instance, it would be unacceptable if NATS were able to benefit from savings in operating expenditure such as those that could be made by cutting back on pension contributions, at the expense of higher costs in future."......A direct quote from the Airline response to CP2.....Don't take pension hols then expect use to pay for them later....NOT....cut your pension costs, as you would have us believe.
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I have read CP2, NATS Response, Airlines Response, IATA Response and a response from the Star Alliance. Nowhere, in any of these, does it say NATS must cut its pension costs. At worst, it says they must manage them and not make short term savings then ask the Airlines to make up any shortfall.
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I REPEAT, and NATS AGREE...THERE IS NO PROBLEM WITH THE PENSION SCHEME.
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IF the surplus begins to fall, and it appears that in the future NATS contributions rates need to rise to an unrealistic level, then SURELY THAT IS THE TIME TO LOOK AT CHANGES, NOT WHEN THERE IS NOTHING WRONG !!
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NATS Pensions costs are NOT increasing as the surplus is funding them. If the surplus begins to drop, then of course lets look at changes, but again I ask....Why Now??
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I'm happy to back up what I say with quotes and facts, Can you do the same??