i agree with pretty much all of the above. management will seemingly do anything to get rid of the pension.... if there is a bung, it would have to be in the region of £100k plus which im not holding my breath for.
when they offer as a crap payout we need not to take it, just think a £10k bung now is very nice, but its not even a years pension. we need to think and tread carefully but if the company start to take the piss im sure there will be lots of long lines at the watch supervisors desks handing in excess validations, ojti and LCE endorsements... they would be royally screwed.