Management say a new scheme will not impact on those of us in the current final salary scheme.....
At present all staff are paying into OUR scheme. Some of this money is paying towards the (well deserved) pensions of retired colleagues.If the scheme is closed to new entrants funding from younger staff will stop. When the staff who are currently in their 20's/30's come to retire there will be very little left (if anything) in the pot to pay our pension as the scheme is no longer being funded by the 'new' staff. Where do we collect our pensions from? The 'new' staff won't care, the public won't care and the shareholders in nats will be laughing all the way to the bank.
Any pension scheme must be properly funded or it will run out of money - I doubt people in any 'new' scheme would vote yes to subsidising our pension.
NATS 'borrowed' money from the scheme and have never paid it back.
NATS is not paying in as much money as it could into the scheme
NATS has made massive profits over the last few years due to the HARD WORK or ALL staff - office, engineers, atsa, atco's.
This is a very serious matter - join you union today. Lets stick together and tell senior 'management' what we ALL think. No pension = no NATS.
We will lose some money in the short term if it comes to strike action. Prepare for it now and put a little aside now to cover any shortfall in income in the coming months.
Sell out now and you can kiss goodbye to future pay rises, expect yet more erosion to your terms and conditions, less annual leave and longer working hours.
Please don't kid yourselves that this is not a problem. NATS does not exist without us - shareholders make no money and the airlines will be shafted. YOU do the hard work so stand up and be counted so YOU get the pension that YOU deserve.