That's a good point. Many of us were never allowed into this pension scheme which the union are so keen to preserve. I don't see much support for it when so many union members are not allowed to participate in it!toomuchcoke wrote:Any ideas as to why senior management are against such an idea? The only one that springs immediately to my mind is that giving a worthwhile bonus amount to everybody is actually kind of expensive given how many of us there are!dingo wrote:I have to say as someone who has campaigned for an incentive scheme I think there some within the union who would not support a bonus scheme but that is a side issue as at the moment Royal Mail senior management are totally against one.
In theory I don't have any kind of problem with the likes of Trimble ... In practice I do because (a) the vans aren't the same, (b) it doesn't tell you you're about to have a fault but rather that you had a fault at some point in the last few seconds and (c) sometimes it decides you've had a fault but doesn't beep to tell you! (One of the vans I drive, I can enter a certain roundabout with a green light, and exit with an orange light having not had a beep!)dingo wrote:They now seem to want to just move to later deliveries to capture the next day growth in parcels. They want to use new technology to cut costs such as Trimble , PDAs ( current first scan and last scan providing their working ) and the new data capture initiative which Royal Mail want to trail in offices in the new year.
They also always seem to go for half-arsed "solutions" that aren't. The handbrake warning is a classic example of course - it could warn you if you'd opened the driver's door without the handbrake engaged, but not it just randomly warns you to put the handbrake on even if you've just started the vehicle (with the handbrake on!) to drive away. Equally that whole "360 check" stuff - pretty much every other professional delivery outfit (i.e. the UPS/DPD/DHL's of this world, rather than Hermes!) has reversing cameras fitted to their vans, we get told to walk around them before getting in!![]()
It may well stitch up the current members of the DB scheme, but depending upon how they handle the issue it could actually (but I'll concede quite possibly won't) be a nice win for the people who are not a member of it!dingo wrote:On top of this will be announcement early after Christmas to close the DB scheme from March 2018 which will create the biggest saving in costs for Royal Mail in decades which will stitch up all of us.
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wannabeek
- Posts: 996
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Martin Walsh
- Posts: 4276
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90 thousand are in this scheme managers and postmen and women ! What Royal Mail are proposing is to put them in the DC scheme and cutting what they pay on pensions from 17.1% too just 10%.
As pensions is deferred pay Royal Mail will be saving what they currently pay to all those in the DB £28 per week per individual which is 7%.
Now those in the DC scheme there are 40 thousand which is made up of those who have come into the business since 2008 and those who have been auto enrolled due the law change. 11 thousand who are in the DC scheme are only paying 1% and the employer paying 1% some of these are people who are in receipt of their Royal Mail pension and are still in the business and have been auto enrolled in the DC scheme.
Only 3 thousand 8 hundred of those in the DC scheme are on the highest tier of contributions and that is they pay 6% and Royal Mail pay 9%.
The vast majority of pensions experts are saying the to avoid pension property in retirement employees should have at least 19% pension contributions between the employer and the employee. No one in the current DC scheme has more than 15%.
This is why improving the DC scheme so members have a decent pension is just as important as stopping Royal Mail closing the DB scheme resulting in employees seeing their pensions reduce some significantly.
For example someone currently who is 40 years of age with 10 years service would if DB scheme receive a pension of around 10 grand per year if remained. However that same individual would only receive £5 grand per year if Royal Mails proposal to move all DB scheme members into the DC scheme from April 2018 and have the following proposal employees would still pay 6% pension contributions and Royal Mail would pay 10% as opposed to the 17.1% they currently pay.
So this is not a split issue especially as pensions and Royal Mail''s industrial strategy are interlinked.
As pensions is deferred pay Royal Mail will be saving what they currently pay to all those in the DB £28 per week per individual which is 7%.
Now those in the DC scheme there are 40 thousand which is made up of those who have come into the business since 2008 and those who have been auto enrolled due the law change. 11 thousand who are in the DC scheme are only paying 1% and the employer paying 1% some of these are people who are in receipt of their Royal Mail pension and are still in the business and have been auto enrolled in the DC scheme.
Only 3 thousand 8 hundred of those in the DC scheme are on the highest tier of contributions and that is they pay 6% and Royal Mail pay 9%.
The vast majority of pensions experts are saying the to avoid pension property in retirement employees should have at least 19% pension contributions between the employer and the employee. No one in the current DC scheme has more than 15%.
This is why improving the DC scheme so members have a decent pension is just as important as stopping Royal Mail closing the DB scheme resulting in employees seeing their pensions reduce some significantly.
For example someone currently who is 40 years of age with 10 years service would if DB scheme receive a pension of around 10 grand per year if remained. However that same individual would only receive £5 grand per year if Royal Mails proposal to move all DB scheme members into the DC scheme from April 2018 and have the following proposal employees would still pay 6% pension contributions and Royal Mail would pay 10% as opposed to the 17.1% they currently pay.
So this is not a split issue especially as pensions and Royal Mail''s industrial strategy are interlinked.
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rambo1
- EX ROYAL MAIL
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Don't see owt wrong with that, why should we expect to get paid if we're finished early (never applies to some of us, finishing early that is) . If you were running royal mail and paying the wages, I'm sure you'd think the same wouldn't you? If they can't make the runners on easy walks come and help us graters on impossible walks when they get done an hr early, seems paying for the hrs you work seems the fairest way to go, no?dingo wrote:They mean only paying the hours which you work of your contracted hours as well as overtime. So if you finish early say in the height of summer by 20 mins and they have they believe example from Trimble and PDA information that you are docked 20 mins pay and therefore can have that 20 mins by working longer in the October pressure period.
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wannabeek
- Posts: 996
- Joined: 27 Apr 2011, 00:49
- Gender: Male
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I've got to agree with that. This threat of docking your pay if you finish early is only a threat to the runners or those on easy duties, so far as I can see. I'm willing to work my hours every day of the year but that's a shocking concepts to many of the old guys!
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SpongeBobPants
- Posts: 29
- Joined: 13 Jun 2016, 14:50
- Gender: Female
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Problem with it is that it's not our fault if the work isn't there.
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fishtank
- Posts: 19732
- Joined: 28 Sep 2007, 17:22
- Gender: Male
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So you never finish early on a Tuesday or a Saturday?wannabeek wrote:I've got to agree with that. This threat of docking your pay if you finish early is only a threat to the runners or those on easy duties, so far as I can see. I'm willing to work my hours every day of the year but that's a shocking concepts to many of the old guys!
good times, bad times you know I've had my share
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walkthewalk
- Posts: 220
- Joined: 29 Mar 2011, 12:37
- Gender: Male
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WHAT IS THE DB SCHEME?toomuchcoke wrote:Any ideas as to why senior management are against such an idea? The only one that springs immediately to my mind is that giving a worthwhile bonus amount to everybody is actually kind of expensive given how many of us there are!dingo wrote:I have to say as someone who has campaigned for an incentive scheme I think there some within the union who would not support a bonus scheme but that is a side issue as at the moment Royal Mail senior management are totally against one.
In theory I don't have any kind of problem with the likes of Trimble ... In practice I do because (a) the vans aren't the same, (b) it doesn't tell you you're about to have a fault but rather that you had a fault at some point in the last few seconds and (c) sometimes it decides you've had a fault but doesn't beep to tell you! (One of the vans I drive, I can enter a certain roundabout with a green light, and exit with an orange light having not had a beep!)dingo wrote:They now seem to want to just move to later deliveries to capture the next day growth in parcels. They want to use new technology to cut costs such as Trimble , PDAs ( current first scan and last scan providing their working ) and the new data capture initiative which Royal Mail want to trail in offices in the new year.
They also always seem to go for half-arsed "solutions" that aren't. The handbrake warning is a classic example of course - it could warn you if you'd opened the driver's door without the handbrake engaged, but not it just randomly warns you to put the handbrake on even if you've just started the vehicle (with the handbrake on!) to drive away. Equally that whole "360 check" stuff - pretty much every other professional delivery outfit (i.e. the UPS/DPD/DHL's of this world, rather than Hermes!) has reversing cameras fitted to their vans, we get told to walk around them before getting in!![]()
It may well stitch up the current members of the DB scheme, but depending upon how they handle the issue it could actually (but I'll concede quite possibly won't) be a nice win for the people who are not a member of it!dingo wrote:On top of this will be announcement early after Christmas to close the DB scheme from March 2018 which will create the biggest saving in costs for Royal Mail in decades which will stitch up all of us.
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TrueBlueTerrier
- FORUM ADMINISTRATOR
- Posts: 72759
- Joined: 30 Dec 2006, 10:29
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- Location: On my couch
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Pensions - Defined Benefits.
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Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
Any post in any other colour is my own responsibility.
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My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
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walkthewalk
- Posts: 220
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- Gender: Male
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Thank youTrueBlueTerrier wrote:Pensions - Defined Benefits.
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LouBarlow
- Posts: 4709
- Joined: 15 Oct 2007, 18:56
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Is finishing early in summer, a London thing? The way it works in the real world, is we are given absorption to ensure we work our hours during the summer months.dingo wrote:They mean only paying the hours which you work of your contracted hours as well as overtime. So if you finish early say in the height of summer by 20 mins and they have they believe example from Trimble and PDA information that you are docked 20 mins pay and therefore can have that 20 mins by working longer in the October pressure period.
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yellowbelly
- Posts: 3731
- Joined: 23 Jun 2015, 15:51
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Just the summer months??? Can almost guarantee lapsing will be brought back in by the end of Jan.............LouBarlow wrote:Is finishing early in summer, a London thing? The way it works in the real world, is we are given absorption to ensure we work our hours during the summer months.dingo wrote:They mean only paying the hours which you work of your contracted hours as well as overtime. So if you finish early say in the height of summer by 20 mins and they have they believe example from Trimble and PDA information that you are docked 20 mins pay and therefore can have that 20 mins by working longer in the October pressure period.
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Mobey
- Posts: 291
- Joined: 26 Jul 2016, 11:54
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£100 I believe as it's worked out on your contracted hours.
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Mobey
- Posts: 291
- Joined: 26 Jul 2016, 11:54
- Gender: Male
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Might be wrong but that's what I've heard in the office.
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Mobey
- Posts: 291
- Joined: 26 Jul 2016, 11:54
- Gender: Male
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Is it true you get taxed on your bonus?
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aiden01
- MAIL CENTRES/PROCESSING
- Posts: 7001
- Joined: 27 Feb 2013, 21:43
- Gender: Male
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yesMobey wrote:Is it true you get taxed on your bonus?