PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 17th September 2008 | 11:28
  #268 (permalink)  
Me Me Me Me
 
Joined: Dec 2003
Posts: 234
Likes: 0
From: Home
Management will be delaying talks until the Global recession is a reality in everyones minds, making a stronger case for another pension holiday
Of this I have no doubt..........watch this space
they had a contribution holiday because there was a substantial surplus. as a final salary pension scheme, it is their right to do what they wish with the surplus.

There isn't that surplus now, so there is no option for them to take a contribution holiday. It would be financial suicide - given the already escalating cost of provision.
Me Me Me Me is offline  
Reply