This is the thin end of the wedge Ladies and Gentlemen. Take it from one of Mr. Eddington's former employees, it won't stop here. Just because it only affects new hires doesn't mean you shouldn't try and stop it. This is how attacks on the Profession of Pilot are done, bit by bit.
He was at CX for the B-Scale and barely got out of Ansett before the collapse. This man will try and take everything from you, little by little.
These schemes have been proven by reputable actuarial firms to be far less beneficial than the one you currently have. The companies that use them notorioulsy under contribute. What seems like a lot i.e. 15 or 20 percent isn't enough to make up for long dry spells in the markets. How well have your investments done over the last 3 years? Think about that for when you are in your early 50s looking at retirment and a shrinking Pfund.
You have a strong union, use it. Stop this and any future infringements on your livelyhood before it gets out of hand.
Last edited by 6feetunder; 10th May 2002 at 20:32.