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-   -   NATS Pensions (Split from Pay 2009 thread) (https://www.pprune.org/atc-issues/344589-nats-pensions-split-pay-2009-thread.html)

BAND4ALL 27th November 2008 20:35


Damage limitation for who?
May I suggest you ask any BEC members at your unit what went on at the SDC and they can fill you in with all the details.
Unless they signed up to another confidentiality clause after conference!

eglnyt 27th November 2008 20:42


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...
Actually it's bloody hard because I've tried it. As soon as you go back past 6 years you run into a whole series of staggered payrises and non pensionable add ons which make it almost impossible to calculate. It's also questionable whether or not you should include wage rises pre PPP as representative of future settlements although my figures suggest they were generally worse than since.

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

alfie1999 27th November 2008 20:56


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.

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.

Fenella 27th November 2008 21:06

"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?

alfie1999 27th November 2008 21:11


Fenella


That's on the assumption that we would have got RPI+1.5% pensionable pay for the next 15 years though, isn't it?

Is this meant to be humorous?

Fenella 27th November 2008 21:14

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" :O

PeltonLevel 27th November 2008 21:15


I apologise, I incorrectly considered all on here to have a grasp of very basic maths
I can see that, if either of these polls is representative of voting intentions of the membership as a whole, the the noes have it by a fair margin.

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.
:ugh:
:ugh:
:ugh:
:confused::confused::confused:
:ugh:
:ugh:
:ugh:

alfie1999 27th November 2008 21:18


Fenella

Yes, sorry. Just making sure I wasn't being ignored....

After your first post, not likely. :ok:

alfie1999 27th November 2008 21:32

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).

Radarspod 27th November 2008 21:35

Superb work everyone! Only another 150 posts or so, plumped up by mathematical debate, and this will soon be the biggest thread in the ATC forum :ok:

RS

alfie1999 27th November 2008 21:38

wtf is the biggest one about then? :eek:

Fenella 27th November 2008 21:40

Luncheon vouchers

alfie1999 27th November 2008 21:43

A-ha...that'd be the sticky a couple of threads up then. :}

Radarspod 27th November 2008 21:48


Luncheon vouchers
What were they? Never got any of those :}

RS

PeltonLevel 27th November 2008 21:53


Luncheon vouchers?
A taxable benefit (non-pensionable) in lieu of a subsidised restaurant/canteen.

Radarspod 27th November 2008 21:57

Clearly wasn't sarcastic enough...... not all NATS locations got them.:uhoh:

Fenella 27th November 2008 22:32

"Others" get Aramark :ok:

alfie1999 27th November 2008 22:44

I've heard good things about 'Aramark'.











Or was it Primark.

The Many Tentacles 28th November 2008 04:07

It would've been Primark, cheap and good value. Aramark is cheapish and there the similarity ends - although they do a good line in slop.

Min Stack 28th November 2008 04:09

http://farm2.static.flickr.com/1297/...27272e.jpg?v=0

Not welcome here! :sad:


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