09 Jan 2017, 16:29
09 Jan 2017, 19:40
09 Jan 2017, 19:52
09 Jan 2017, 19:56
09 Jan 2017, 20:54
10 Jan 2017, 00:27
Poshpost wrote:I think Royal Mail's proposal means the Final Salary link will be broken entirely for Section C members. On page 8 headed "Our proposal in detail" it states " The benefits you build up in the Plan until 31 March 2018 would remain unchanged and you can get these benefits when you come to take your pension. The exception would be that from 1 April 2018, Section C members' pre-April 2018 benefits would be linked to RPI (up to 5% a year) until they leave Royal Mail employment or take benefits, rather than to Final Salary pensionable pay." This is restated on other pages in the booklet, so unlike Section A and B, Section C members will lose the Final Salary link.
10 Jan 2017, 08:59
10 Jan 2017, 13:56
10 Jan 2017, 16:43
10 Jan 2017, 16:53
vmaxv4 wrote:I think you will find that plan A/B are RPi and section C is Cpi.
10 Jan 2017, 16:59
heapsy wrote:Yes, I read that too. Once again, discrimination. Really unfair that we are being singled out, but not surprising, as we are now the bulk of the pension scheme members. I think it sucks. Where's the union on this? Don't tell me, hiding as usual.
10 Jan 2017, 17:12
RobertT wrote:vmaxv4 wrote:I think you will find that plan A/B are RPi and section C is Cpi.
There's a little more to it as always, but when in payment:
Section A/B pensions increase by CPI : http://www.royalmailpensionplan.co.uk/s ... de_aw3.pdf
While Section C pensions it's RPI: http://www.royalmailpensionplan.co.uk/s ... de_aw2.pdf
10 Jan 2017, 17:33
13 Jan 2017, 12:10
13 Jan 2017, 12:35
empireboy wrote:Ok enough of the waffle.
Under the new proposals do members in the Section C of the final salary plan lose there final salary pension?
Yes or No