hold at SATAN/landedoutagain
that's assuming AUG RPI will be that poor. also you are looking at RPI over a one year period. i.e. Aug 08 to aug 09. This deal is for 2 years and will also encompass the RPI for Aug 10 which will be positive
Not correct, surely? This deal
does not encompass the AUG 2010 RPI.
This pay deal is to cover the 2 year period 1st Jan 09 to 31st Dec 10. The relevant RPIs are the AUG 08 and Aug 09 RPI.
The AUG 10 RPI will be the basis for pay negotiations which should start around September 2010 for implementation on (or more likely after as they are never on time) 1st Jan 2011. This is the way we have always negotiated our pay deals,we can't chop and change to suit us, something people whinge about management doing...
It is only when we do 2 or 3 year deals that we look ahead at the next RPI speculatively (such as the last pay deal that underpinned our pay award depending on the RPI).
As for
landedoutagains question about pensionable pay, I would hope that as we are not actually receiving a pay rise in Jan 2010 under this pay offer, the figures used would be the Aug 08 RPI (4.8%) and the pay award we receive (a maximum of 3% if we accept this deal). Thus the whole pay award is pensionable. If an RPI is negative, NATS cannot use this to reduce your pensionable pay!! FFS don't go giving the slimy gits any new ideas on how to run the pension benefits down!!!
This
is a 2 year pay deal, but there will be no rise in Jan 2010. One rise backdated to Jan 2009 which will see us through to Jan 2011.