PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 19th October 2008 | 12:00
  #732 (permalink)  
jonny B good
 
Joined: Nov 2005
Posts: 75
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From: UK
The actuary uses a long term assumption that the rpi will be an average of x.
It is not this rpi which is used in pay negoitiations, which is currently the August RPI figure for the year concerned. Over time, the actuary assumes that the level accross each year will eventually be the long term average assumption.
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