Does anyone else find it quite interesting that the document which PeltonLevel has linked to in post #1756 points out that not only are the company paying far less than the required underlying rate at present (which we already knew), but that the percentage they ARE paying is due to
decrease next year until 2013!!!
Does anyone else also find it quite interesting that this document was signed by Nigel Fotherby, the finance director, in March
THIS YEAR...which, according to the manager at my briefing, was about 5 years after NATS realised the scheme was in trouble, and about 2 years after commencing negotiations with the union to change the scheme on the basis that the underlying rate was too expensive!!
Finally, does anyone else think that this is not exactly what you would call a prudent course of action for a management team which apparently have the best interests of our scheme, and the workforce in general, at heart?!? What an absolute joke!!
Every one of these presentations has been based on the fact that an underlying rate of 25% is what they're aiming for, and is what is affordable, but yet again they're STILL going to be paying less than they should be, and, indeed, less than they are currently!!! And what do you think is going to happen in about 2011-2012, when they've been underpaying for another 3 years?!? I'm not a gambling man (
) but if I was, my money would be on them coming cap in hand again asking us to change the supposedly "longterm viable" scheme that was foolishly agreed to in 2008!!
They are trying to pull a fast one on us, colleagues...lets not let them and regret it for the rest of our careers!! As soon as we vote yes for this deal, we can forget any possible negotiating power for any subsequent changes to the pension scheme in a few years time!!
FB
