brummbrumm
As Statistics was your forte in a previous life you will no doubt be well aware of the saying
" There's lies, damn lies and statistics"
Stats can be made to say whatever the person presenting them wants to say.
For instance the Stats gloss over the fact that they have been contributing at less than the underlying rate for at least 5 years ( and probably considerably longer).
The question with the pension is not whether something needs to be done but who should foot the bill.
The companies position is they can't afford it the unions position should have been that they should find a way not to say "Oh yes your right you can't afford it"
The inconvenient truth for Nats is that they can afford the pension they just don't want to. At no point in the presentation does it say we looked at any option but changing your pension because they never did.
Also before you start commenting on others naivety perhaps you'd lile to consider whether it is more naive to take a one sided presentation as unbiased fact.
My final point is on the perennial idea that it's okay to screw the terms and conditions of those not yet in the company so we don't have to fight with management is really starting to wear thin. When are people going to realise that these are our future work colleagues. Just remember the debacle that still is the college Atco wages and the effect that's had on the new colleague's you work with now. Think how much worse it will be when you try to justify your wonderfull pension while there busy doing financial gymnastics to get an okay one maybe if there lucky and the stockmarket doesn't imconveniently crash on them at the wrong moment.