PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 10th Oct 2008, 18:13
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LACCATCO
 
Join Date: Dec 2005
Location: Southampton
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As i said earlier


"How do we know we won't be required to join the new defined contribution scheme (the new one) at a later date or that NATS won't make it a condition of promotion?

The trust of a promise prevents NATS from forcing employees who were members of the scheme at PPP into the new scheme."


from nats own publication
,


From speaking to my union rep, you are reading this wrongly. The Trust of a Promise ONLY comes into effect if:

1) NATS goes bankrupt
2) NATS is sold and ceases to be NATS, i.e we become part of SERCO.

As I said before, the protection for differential treatment is being written into ALL current employees full time contract and unless you agree to join the new scheme - you keep your current pension. I understand that the document does not make this clear, the best thing to do is speak to your section chair or go to a briefing and ask for clarification there.

I will speak to my section chair tomorrow just to confirm and will post findings.
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