Pension
Thread Starter
Joined: Mar 2002
Posts: 59
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From: Swanwick
Pension
I have just heard on the grapevine about a shortfall in the British Airways pension scheme. BA has to increase its contributions to make up the shortfall, this from a company that has just lost its stockmarket listings as one of the top UK companies. Makes one wonder about NATS "pension holiday" to the CAAPS.
UMMMMM!
UMMMMM!
Joined: Nov 2001
Posts: 106
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From: Here to Eternity
NATS is in a similar situation of responsibility... If the fund surplus disappears then the trustees will instruct NATS to commence contributions again at a level the trustees will set.
If you're concerned about the future of your pension then contact the trustees and give them an earful!!
If you're concerned about the future of your pension then contact the trustees and give them an earful!!
Joined: Jul 2002
Posts: 58
Likes: 0
From: UK
Lazy Atco's/Atsa's
How come only a few of us can be bothered to go and search the WWW for readily available information for the rest of you?? Here, yet again!, is the pension guarantee in the Transport Bill!
http://www.parliament.the-stationery...0124--k.htm#65
http://www.parliament.the-stationery...0124--k.htm#65
Joined: Jun 2002
Posts: 68
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From: UK
Thankyou but ......
The link you provide refers to the Bill before Parliament not the Act.
In the Transport Act 2000 we cannot find such provisions.
http://www.hmso.gov.uk/acts/acts2000/00038--j.htm#65
Is there an explanation?
As you will see the wording of the legislation is not the same as the proposed wording in the Bill.
Where are our guarantees?
The link you provide refers to the Bill before Parliament not the Act.
In the Transport Act 2000 we cannot find such provisions.
http://www.hmso.gov.uk/acts/acts2000/00038--j.htm#65
Is there an explanation?
As you will see the wording of the legislation is not the same as the proposed wording in the Bill.
Where are our guarantees?
Last edited by qwerty2; 2nd October 2002 at 12:02.
Joined: Jul 2002
Posts: 58
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From: UK
Well done qwerty2, good to see other people delving into the WWW. Simple answer is, no there is not an obvious explanation. Complex answer, The Bill as per my link was voted on in the House of Lords and passed on Nov29th 2000. The Act in your link is published 7 days later as a result of the bill passing through the House of Lords. There were no further debates or amendments on the bill, so the bill that passed is as it appears. I will endeavour to obtain clarification from other sources and publish here in the future.
I do enjoy quality debating over the usual crap in here!!
I do enjoy quality debating over the usual crap in here!!
