Eglnyt said,
Some of the briefing material includes predictions by Mercer of the likely underlying rate with the proposals in place. I don't have access to that material right now to quote the exact rate but it is up at about the 30% which is 10% more than present. It stays quite high for quite a long time and then slowly starts to come down as the balance between people on the two schemes changes.
I thought the current contribution rate was 12.2%. If NATS can afford 30% contribution rate and they've wanted to address the underlying rate for several years then why haven't they been paying 30% since they discovered there was a problem?
Surely not to run down the scheme until we were forced into accepting changes?