It all appears crystal clear to Unite, the managers union, as their press release includes the following statement.
"The Unite negotiating team consider that what is on offer is the best available in the circumstances"
Unless they have had privileged assess to documentation unavailable to the CWU, I find it staggering that they have resorted to a ballot so soon. But then again they do represent managers !
As Robert mentions, the examples I have seen make it impossible to draw any meaningful conclusions about the latest proposal other than an extra 1% of pensionable pay is on the table.
I have said it before on here but why are the CWU not asking First Actuarial, their own pension advisors, to analyse the latest proposal and provide members with a simple, clear and concise guide to what is on offer and what is being lost ? We have had no absolutely no feedback on the previous DB cash balance proposal.