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Old 2nd Jul 2008, 11:58
  #13 (permalink)  
poi098
 
Join Date: Dec 2006
Location: london
Age: 60
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A sad day indeed....I can assure you management are as determined as ever to close the cheme to new members, and have already seized with relish on latest actuarial valuation showing surplus draining away with the stock market.

They're playing a long game, waiting for BAA to close their final salary scheme to new members, so they can use that as a precedent. New scheme will be a very good (in relative terms) money purchase scheme.

I have it on good authority the union membership are pretty much on board with management now on this issue - the big challenge is to persuade us mortals to accept the change (hence the new number appearing on our payslips showing how much NATS have contributed to CAAPs - all part of a propaganda campaign to make us feel grateful). No doubt we can look forward to large bungs....
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