PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 15th October 2008 | 15:59
  #646 (permalink)  
Beejam
 
Joined: Jan 2004
Posts: 19
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From: London
I had no idea the underlying trust in our union was so poor for so many.

Trying to keep an open mind can any of you supply information to back up your conviction that management and the union are lying?

Specifically can anyone explain to me why the shortfall in covering the underlying cost (assuming there is one) is not a direct result of the very large pay increases we've had over the past 5 years or so?

It seems quite clear to me that the success of our union in negotiating these pay increases would result in pension problems particularly when you remember that NATS' turnover is DWARFED by the pension cost.

Anybody?
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