PPRuNe Forums - View Single Post - NATS Pensions (Split from Pay 2009 thread)
Old 22nd Nov 2008, 12:55
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Vote NO
 
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eglnyt

Vote NO

I tend to agree with your earlier post that the discussion has run its course but I will ask two questions about the output from the modeller because only you know what your figures say.

First what % above RPI did you use to get 8K ? Second how does the figure you get compare with 27K pension which is the best you'll get if the worst happens and NATS goes under and the fund has to refer to the Pension Protection Fund
0.55% = 0.5K loss
0.625% = 1K loss
0.75% = 2K loss
1% = 4K loss
1.5% = 8K loss
2.5% (LAST 10 year ave.) 16k loss

If NATS goes under,here we go again HMG who own 49% will take over the rest and the Pension, otherwise we will go on strike! Remember NATS is crucial to the infrastrucure of UK security,safety,economy. NATS must continue to operate at full efficiency. The country would collapse with no aviation, no food, no tourism, no business!
I think any level headed individual would agree NATS can not "go under" if the private side fails, why do you think HMG has the major stake? Here we go again UK SAFETY, ECONOMY, SECURITY.

That is why HMG retain the major share

I also, await, as ever, a convoluted and overly verbose reply from your good self explaining the error of my ways.

yours sincerely

Vote No

Last edited by Vote NO; 22nd Nov 2008 at 13:25.
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