That reads to me that so long as NATS can hold their hands up and say "well we tried boys" if it all goes tits up, then none of the benefits will be promised, and certainly doesn't imply that the government would then bail us out on the same T+C's and pension.
Mebbes I'm missing something obvious...
I believe we are arguing the same point... there are many people saying if we go bankrupt the government will take us back and everything will be roses when we both know this is not the case.
I was trying to say that if we vote through these pension changes - hence being responsible employees by trying to ease NATS financial predicament - and other circumstances conspire and we still go under, the government may be forced to re-nationalise and would be more sympathetic to our cause and hence 'endeavour' to honour our current benefits and conditions.
If however we vote no to this and NATS ups it rate to the required 40% of salary, then we go bust - I'm pretty sure the government would still step in but with a much less sympathetic eye towards the staff...