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Old 31st Jul 2008, 18:21
  #13 (permalink)  
AREA52
 
Join Date: Apr 2002
Location: Just North of France
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Firstly, I would agree in the current climate that RPI plus 1% would be a fair offer.

ANOTHER THING

I didn't say that splitting the pay rise is necessarily a bad idea.

However, the minimum amount that is pensionable would have to be RPI, because if not your standard of living beyond pension age would not be keeping pace with the cost of living. Secondly, if you were drawing a pension from the fund, you automatically recieve an RPI increase anyway so they would be potentially doing better than those sustaining the fund.

Also, everybody knows that come next pay round, management would try and make the pensionable amount smaller yet again!

the cumulative effect of these seemingly small amounts would be significant further down the line.

I'm all for playing our part in keeping the fund open, but NATS need to make more of an effort now and realise the value of keeping employees happy!
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