LFFC,
"...With a pay freeze in force, your pension will only increase by your yearly pay increment - if you have any left; if not, your pension is frozen as well...."
That is so wrong that it shows you have a total misunderstanding of how the pension scheme works!!!!
Edited to add an example:
I have no yearly pay increments left, so am on a total pay freeze, yet in the next 12 months the value of my pension will rise by 3.2%! Yes, I'm still loosing out compared to inflation, but by nowhere near the amount you are suggesting.
My advice to anyone considering leaving is to take professional advice on the financial consequences, don't believe what you read on here, get from a man in the pub, etc, etc......
Last edited by Biggus; 1st Oct 2011 at 08:50.