NATS Pensions (Split from Pay 2009 thread)
Join Date: Nov 2006
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Damage limitation for who?
Unless they signed up to another confidentiality clause after conference!
Join Date: Oct 2004
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Strange how our money experts seem unable to work out the average RPI and pay rise over the past 15 years to give a straight answer...
For ATCE, STAR, MSG and in most years ATSA grades I think the most recent figures going back are RPI + 0.25, RPI, 2.8% + £500 non pensionable (representative RPI for that year was 3.4%), RPI + 0.6, RPI + 0.6
Join Date: Jul 2002
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What has the RPI pay increase been over the past 15 years?
Pay has not always been RPI related – it is only in the last few years when we have agreed multi-year pay deals that RPI has been referred to regularly. In addition, the level of rise has been different for different groups with some getting rises in excess of RPI+0.5% in some years and others not. Therefore there is no one figure that provides a useful guide. Also, past increases are not a guide to future rises – clearly overall deals are related to the health of the company and to productivity improvements.
Pay has not always been RPI related – it is only in the last few years when we have agreed multi-year pay deals that RPI has been referred to regularly. In addition, the level of rise has been different for different groups with some getting rises in excess of RPI+0.5% in some years and others not. Therefore there is no one figure that provides a useful guide. Also, past increases are not a guide to future rises – clearly overall deals are related to the health of the company and to productivity improvements.
If anything summarises the tactics of those trying to secure a 'yes' vote then this does.
Why not produce all the pay settlement figures and the attendant RPI numbers so we can assess the historical impact of the cap for ourselves?
We know the reason and that's the fear of the 'yes' side that staff will realise their pensions are going to be crippled by this cap and in many cases will reduce the final benefits to 1/2 salary or worse.
Even the modeller itself doesn't show the continuing huge impact of the cap after the 15 year period assuming it is scrapped at that point.
Staff are looking at losing tens of thousands and in some cases hundreds of thousands of pounds but aren't being told this.
Join Date: Nov 2008
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"We know the reason and that's the fear of the 'yes' side that staff will realise their pensions are going to be crippled by this cap and in many cases will reduce the final benefits to 1/2 salary or worse."
That's on the assumption that we would have got RPI+1.5% pensionable pay for the next 15 years though, isn't it?
That's on the assumption that we would have got RPI+1.5% pensionable pay for the next 15 years though, isn't it?
Join Date: Nov 2008
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Yes, sorry. Just making sure I wasn't being ignored.... This site is like dipping a toe in the North Sea in Feb if you're considering "not voting no" 
Last edited by Fenella; 27th Nov 2008 at 21:25.
Join Date: Nov 2008
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I apologise, I incorrectly considered all on here to have a grasp of very basic maths
The problem is, there is a difference between very basic maths and statistics.
I know that the arithmetic mean of 83 and 60 is 71 and the arithmetic mean of 40 and 17 is 29 (both rounded). But, not knowing the size of either sample, or whether anyone has voted in both polls, it is not possible to combine the results in any meaningful fashion.
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eglnyt,
Can I be forward enough to ask your (rough) age and how long you've been with NATS? Fair enough if you don't want to answer.
(I'm mid-30s with 14 years in the scheme btw).
Can I be forward enough to ask your (rough) age and how long you've been with NATS? Fair enough if you don't want to answer.
(I'm mid-30s with 14 years in the scheme btw).
