GM WAN TO BE:
Close existing scheme to new employees
The new proposed DC scheme is more than generous, change the contribution rates to 7% employee, 14% employer. The 4% saved can help the company fund/sustain our existing pension scheme.
Keep existing pension scheme terms as they are.
Review in a couple of years when the stock market has recovered.(Bear in mind pay rises are unlikely to be above RPI)
Your thoughts please.
When in 15 years time we become the minority, and the next step in the demise of the pension is up for "negotiation", the new DC staff will stick it up our ar$e royally, and if we let this current NATS pension plan go through then we all deserve to be bugg£r£d and can't go crying about if.
Don't believe the hype
vote NO