PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 9th October 2008 | 18:26
  #499 (permalink)  
Iaacei
 
Joined: Oct 2008
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From: Earth
2 points,

1) Why isn't the issue of the pension being closed to new starters being given more air time here?

The RPI+.5 and the SMART pension are very much minor issues compared to the consequences of closing the scheme.

For example, imagine the implications in 10-15 years time when members of the proposed new scheme out number existing members! Where do you think your negotiating powers will be then?

If exisiting members will be £5k or so out of pocket due to RPI+x and SMART the consequences of the majority being in a different scheme will far out way the loss from the former.

Suspiciously looks to me like the RPI & SMART elements are there as optional for Management and are to be used during the subsequent negotiation. I.e. ok we'll drop the RPI & SMART if you agree to a new scheme to new members.

Once agreed, kiss goodbye to final salary if you have 10-15 years more to go!

This needs more discussion please!!


2) Briefings are pointless, NATS mgmt & Unions have made up their mind.
Simple choice, unless members refuse to be brainwashed at the doom n gloom breifings your pension will go the same way as Alstoms!
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