its all very well saying things will improve in the financial markets given time. which they will. but it will all be a bit late if Nats has gone bust and our pension scheme wound up. and be under no illusion, any new buyer or government bail out will not honour our pension rights. If nats goes bust so will our pensions.
I'm still not sure we should be so concerned with nats going bust that we should give away our pension rights. If we were making a loss this may be a concern but we've made a PROFIT for the last five years. Plus I don't think it would be in the governments interest to let us go bust (voters flights cancelled / airline and airport jobs lost / failure to provide ATC over UK as agreed with ICAO).
If nats is in a situation where we're losing money maybe the (government owned) regulator would consider raising charges rather than expecting unrealistic year on year below inflation rate price increases.
I'll be voting no to any voluntary worsening of my protected pension scheme. Ask me again next financial year if we aren't celebrating six years of profits and have made a loss taking us into the red.