PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 12th Nov 2008, 19:13
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eglnyt
 
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You either haven't been to a briefing or you weren't listening. The cap has an immediate effect because it allows the actuary to make different assumptions. Those different assumptions have a very big difference on the predicted liability which in turn reduces by some margin the underlying contribution rate. That was explained at our briefing very carefully by the actuary and given that there was an individual slide for it I can't believe it wasn't explained at all the briefings.
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