Headline terms of deal agreed at ACAS
- DB remain place for next 3 years
- Alternative scheme options to be considered for after this 3 yr period
- Higher contributions from both employers and employees
- Salary threshold reduced to £42K
The IWGB believes that
1. this should be seen as a massive victory and vindication of prolonged industrial action 2. this offer still entails an unnecessary pay cut & erodes DB going forward.
NEVER ACCEPT THE FIRST OFFER! THEY WILL GO HIGHER! REJECT THE DEAL!