As the Pension thread on NATSNET has been squirelled away to a small box, the following may have been missed by people.
An interesting link, posted on the intranet thread, worth a read... dated 2001!!
http://www.pprune.org/atc-issues/151...on-danger.html
So, it seems although actuaries have not as yet managed to do a good job of looking into the future as far as our pension is concerned, others painted a pretty close picture of todays events...
Also on the intranet - the following... on the new Q&A site
What has the RPI pay increase been over the past 15 years?
< Back
What has the RPI pay increase been over the past 15 years?
Pay has not always been RPI related – it is only in the last few years when we have agreed multi-year pay deals that RPI has been referred to regularly. In addition, the level of rise has been different for different groups with some getting rises in excess of RPI+0.5% in some years and others not. Therefore there is no one figure that provides a useful guide. Also, past increases are not a guide to future rises – clearly overall deals are related to the health of the company and to productivity improvements.
Strange how our money experts seem unable to work out the average RPI and pay rise over the past 15 years to give a straight answer... an answer that will show that a cap of RPI+0.5% will make a huge difference to the ratio of our 'final salary' pension... 50% final salary or less, anyone??
Obviously a straight and honest answer would indicate clearly what the cap will do to us, and is therefore deemed not suitable by the management.
These same money experts who cannot do basic arithmetical sums and a little bit of digging for historical data, are the ones who are ruining our fund!!