NATS Pensions (Split from Pay 2009 thread)
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The rebuttal is still on NATSnet. He claims that his bonus is not linked to the pension scheme. Probably true in the literal sense but not as it relates to maximising profits/saleability.
Also it will not look good if a whole thread of comments has been removed when half the staff won't have had a chance to see it over the weekend. If NATS really want a version of PPrune on the intranet then they should have no ability, or right, to edit it except due to profanities or other direct personal attacks.
Which unit was involved with the manager "having a word"?
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Pension solution
Ok
It is obvious that the scheme is in trouble, so....
Close existing scheme to new employees
The new proposed DC scheme is more than generous, change the contribution rates to 7% employee, 14% employer. The 4% saved can help the company fund/sustain our existing pension scheme.
Keep existing pension scheme terms as they are.
Review in a couple of years when the stock market has recovered.(Bear in mind pay rises are unlikely to be above RPI)
Your thoughts please.
It is obvious that the scheme is in trouble, so....
Close existing scheme to new employees
The new proposed DC scheme is more than generous, change the contribution rates to 7% employee, 14% employer. The 4% saved can help the company fund/sustain our existing pension scheme.
Keep existing pension scheme terms as they are.
Review in a couple of years when the stock market has recovered.(Bear in mind pay rises are unlikely to be above RPI)
Your thoughts please.
Last edited by GM WAN TO BE; 19th Oct 2008 at 22:33.
Spink Pots
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Originally Posted by 250 kts
Which unit was involved with the manager "having a word"?
Mr Barron turned up in the TC Ops room today on his day off, allegedly to address the issue of the intranet "discussion".
It certainly appears as if a nerve has been touched
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GM WAN TO BE:
Close existing scheme to new employees
The new proposed DC scheme is more than generous, change the contribution rates to 7% employee, 14% employer. The 4% saved can help the company fund/sustain our existing pension scheme.
Keep existing pension scheme terms as they are.
Review in a couple of years when the stock market has recovered.(Bear in mind pay rises are unlikely to be above RPI)
Your thoughts please.
Close existing scheme to new employees
The new proposed DC scheme is more than generous, change the contribution rates to 7% employee, 14% employer. The 4% saved can help the company fund/sustain our existing pension scheme.
Keep existing pension scheme terms as they are.
Review in a couple of years when the stock market has recovered.(Bear in mind pay rises are unlikely to be above RPI)
Your thoughts please.
Don't believe the hype vote NO
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Bit off topic I know but today I sent off the form to sell both my first and second tranch of shares, the present price of £2.72 seems a good deal in the bresent bear market and I can only guess the revaluation in 2009 will be well below that figure........my question is if we all decide to do it will NATS have the money to pay for them? secondly to me its a no brainer as we must hold 5% of the Company surely they will have to keep giving them back!!!......sems too good to be true so therefore I gess it really is.
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Seems they are going to be inundated with forms to sell shares this month - a lot of people at work have or are putting in forms at the moment, myself included. Will probably put the money into my pension to try and bolster it a bit.
There is also a palpable loss of interest in the company now since this pension proposal arose - where Mr Baron had any support before he has definitely lost it now from where I'm sitting.
There is also a palpable loss of interest in the company now since this pension proposal arose - where Mr Baron had any support before he has definitely lost it now from where I'm sitting.
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What does Baron care? He will STILL be driving around in the ASTON , he will STILL get bonuses, he will STILL get in the region of 600k . He has absolutley NO interest in the staff of this company. I FEAR for NATS.
The single most important asset of this company is its people. Mr Baron has quite evidently NEVER BEEN INTERESTED IN THE PEOPLE.
By the way, what payrise will HE be getting? I bet his pension is NOT affected.
The single most important asset of this company is its people. Mr Baron has quite evidently NEVER BEEN INTERESTED IN THE PEOPLE.
By the way, what payrise will HE be getting? I bet his pension is NOT affected.
"financial sweetener" to get the troops back on board !
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Autothrottle - I've nothing against Barron driving around in an Aston any more than I've got anything about ATCO's driving around in Porsches - apart from the fact that I'm jealous - it's their money and they can spend it how they like. What I don't like is the bonus culture of today - why should Barron get a fat bonus for what he calls in Natsnet "Service Delivery" when I don't get a bonus for shifting more traffic and the girl in the typing pool doesn't get a bonus for typing more letters. His job remit should already include "Service Delivery" and its what he gets paid a whopping salary for. His annual salary increase should also be the same percentage as everyone else's otherwise he's asking for trouble. 
Last edited by Min Stack; 20th Oct 2008 at 16:43.
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Check out this link:
Britain faces deflation for first time since 1960 - Telegraph
The Sunday Telegraph is predicting negative inflation in the next few years, how will that affect the pension?
Britain faces deflation for first time since 1960 - Telegraph
The Sunday Telegraph is predicting negative inflation in the next few years, how will that affect the pension?
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Min Stack
totaly agree mate, in fact all bonus should be paid to the actual staff that generate the cash for NATS - not only ATCOs, ATSAs and Engineers at the sharp end, but all the support staff(except those who keep going on about "rusty chains"
) and back office guys and gals as well that keep the NATS machine going . How do we reach such an amazing Nirvana? Simple, stick the "bonus" (aka profit) in to the blessed pensions scheme
totaly agree mate, in fact all bonus should be paid to the actual staff that generate the cash for NATS - not only ATCOs, ATSAs and Engineers at the sharp end, but all the support staff(except those who keep going on about "rusty chains"
) and back office guys and gals as well that keep the NATS machine going . How do we reach such an amazing Nirvana? Simple, stick the "bonus" (aka profit) in to the blessed pensions scheme
Karl Marx (regardless of his political persuasion):
Workers of the world unite; you have nothing to lose but your chains.
Workers of the world unite; you have nothing to lose but your chains.
Beady Eye
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Bd
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I think it's pretty poor that its taken this for Barron to come out of his little hole and address the staff....if he's THAT bothered why isn't he doing any barstool sessions? Because he knoes exactly where said barstool will
end up.....
He must be either naive or stupid if he thinks we were just going to roll over and take this without any protest.
end up.....
He must be either naive or stupid if he thinks we were just going to roll over and take this without any protest.
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He has definitely got this one wrong.. the equivalent of a CAT 1 incident 
I suspect he will arrange a war cabinet style meeting with his henchmen and try and make up for
, ....lets just say, lost ground 
I suspect he will arrange a war cabinet style meeting with his henchmen and try and make up for
, ....lets just say, lost ground
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Here, here caesar. Unless I'm mistaken the Aston is a Taxable benefit from NATS. I appreciate his mandate is to provide profits now the company is part privatised, but I get this feeling that there is absolutely NO RESPECT for the people who work for NATS. We are just subordinates. The most worrying aspect here, is a guy speeks out on NATSNET and then gets hauled over the hot coals. What happened to free speech and all that.
His 190k bonus last year was , like previously said , for service delivery. Can staff expect anything from "delivering" a world class , safe service? I think we all know the answer to that one...
His 190k bonus last year was , like previously said , for service delivery. Can staff expect anything from "delivering" a world class , safe service? I think we all know the answer to that one...
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Personal Contract staff get different increases (or even no increase, depending on performance) to ATCO/ATSA/ATCE/STAR/MSG who are all negotiated grades. You cannot compare apples with oranges.
I don't think the briefings are going well, those that have been are even more convinced now to vote NO !
It's all too woolly, if, but maybes, guarantees that aren't guarantees.
Something as important as this needs to be buttoned up much better than this.
As for the bunch of Directors & Service delivery managers always wandering around in Eco warrior T shirts & jeans, they should hang their heads in shame. If they think they are capturing the imagination of their staff, they are sadly deluded.
Maybe there should be a vote of no confidence in the Board.......& the CTUS for that matter.
It's all too woolly, if, but maybes, guarantees that aren't guarantees.
Something as important as this needs to be buttoned up much better than this.
As for the bunch of Directors & Service delivery managers always wandering around in Eco warrior T shirts & jeans, they should hang their heads in shame. If they think they are capturing the imagination of their staff, they are sadly deluded.
Maybe there should be a vote of no confidence in the Board.......& the CTUS for that matter.
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One aspect that isn't going well is the people that NATS are getting to break bad new.Last month the ATSAs are being consulted about job losses by someone recruited into NATS.He had been there 2 weeks.
Now we are told that our pension is not so good by someone RECRUITED into NATS 4 weeks ago.
This looks awful.Money to recruit penpushing penpushers,but the people who generate the income are the ones to have the terms and conditions under threat.
Now we are told that our pension is not so good by someone RECRUITED into NATS 4 weeks ago.
This looks awful.Money to recruit penpushing penpushers,but the people who generate the income are the ones to have the terms and conditions under threat.