PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 17th November 2008 | 07:48
  #1194 (permalink)  
CAP493
 
Joined: Nov 2005
Posts: 338
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From: UK Home Counties
...I couldn't find one person who could come anywhere near to the 2:1 ratio capped at 18% Company contribution that NATS is putting forward. It definitely is NOT a unattractive pension scheme - just LESS attractive than the current one.
Well said! At last someone is actually using their brains and wising-up to economic reality instead of letting their guts and emotion speak. As for NSL being sold off, maybe - but it's not that attractive given its overheads; and don't forget, it'll only take the stroke of a politician's pen to open up NERL to any SESAR-approved ANSP to buy into, or even buy out, HMG's 49% shareholding. And if that happens, whilst TUPE will protect staff salaries, pension arrangements and other T&Cs are not covered by the UK or European legislation, so the consequences to the NATS Section of CAAPS could ultimately be even worse for the existing members.
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