mr 777
Just to add to the figures being thrown about here, you've got to remember that the £10k the modeller says you'll be short is actually based on todays prices (thanks for FINALLY clearing that up Hold At SATAN!!!
) so if, as predicted, come rough retirement time in 30 years our final salary is 4 times what it is today (i.e £250k-ish) the difference in pay is actually going to be 4 times greater (i.e £40k!!
) and not just £10k!! Another excellent managment tool for trying to force through the deal...tell someone you're only going to be ten grand worse off is a lot more sellable (if that's even a word!!
) than telling them they're going to be
FORTY grand worse off!!
Took the time to go to my
second briefing yesterday (on my well-earned day off as well...aren't I the dedicated one!!
) and again asked my questions and I
still don't buy it. One question I asked management was why, even though it became apparent to them 2 years ago that there was a problem with the scheme (so much so that they sought negotiations with the union to change it) did they not feel it prudent to start paying the
correct underlying rate, regardless of what the trustees said they could or couldn't do in terms of paying less. I think I'm still waiting for an answer!!
Even a simple "we
ed up and should have" would at least have calmed me down, but not even an acknowledgement of the error was made!! So i'm sorry, until the company can clean up their own back yard (in terms of not paying enough into the pension in the first place, wasting money on needless things like overnight stays and hotel bookings for conference rooms instead of using the perfectly suitable ones at the units etc etc) they can't expect to start messing with mine!!!
Still a NO!!
FB