NATS Pensions (Split from Pay 2009 thread)

[PeltonLevel]

Pension protection

"If you are a member of an eligible scheme, and you have reached the scheme's normal pension age, we will generally pay you 100 per cent compensation for what you should have received at the time your employer went bust. We will also generally pay 100 per cent compensation to those who have retired on legitimate ill-health grounds, regardless of age, and to those receiving a pension in relation to someone who has died. These payments are not subject to the compensation cap set out below.
If you have retired but have not yet reached the normal pension age of your scheme, we will pay you up to 90 per cent compensation. The same applies if you are yet to start receiving pension payments. This level of compensation is subject to an overall cap which is recalculated each year. Between April 2008 and March 2009, the cap at the age of 65 equates to £27,770.72 (once account was taken of the 90 per cent level of compensation).
In all cases, increases in future payments won't be as much as expected."