The source of the potential extra lump sum and the CDC pension. ..

[Woody Guthrie]

Apparently it's from an escrow account which is actually a surplus from the old pension plan.

To be fair as long as the pension is fully funded any surplus belongs to the company and is their's to do what they want with but still....

Dave Ward also admitted today that he fears the business is about to pull out of the CDC citing costs and some of this surplus could also be used to try to keep it on track..

[FirstPost]

is it £1000? to bump the offer up to the original £1500?

[Woody Guthrie]

is it £1000? to bump the offer up to the original £1500?

No idea, they're still in talks..

[ted_e_bear]

To me it stinks of desperation to get the deal voted in, yes I'd love to get a big bung but more importantly as far as I and I'd assume many others are concerned when it gets to winter and the extra two hours plus enforced 30 mins flexing part of the deal kicks in it'll push us too far, I'm knackered now when I've finished never mind nearly another hour per day in our busiest period.

[CRIBMAD]

To me it stinks of desperation to get the deal voted in, yes I'd love to get a big bung but more importantly as far as I and I'd assume many others are concerned when it gets to winter and the extra two hours plus enforced 30 mins flexing part of the deal kicks in it'll push us too far, I'm knackered now when I've finished never mind nearly another hour per day in our busiest period.

HERE HERE

[hans solo]

Apparently it's from an escrow account which is actually a surplus from the old pension plan.

To be fair as long as the pension is fully funded any surplus belongs to the company and is their's to do what they want with but still....

Dave Ward also admitted today that he fears the business is about to pull out of the CDC citing costs and some of this surplus could also be used to try to keep it on track..

They had no more extra money
And CWU seen the accounts
Lying bastards the lot of them

[X_hamster]

Even a 10k lump wouldnt matter for this s**t show deal and what they are doing to your terms and conditions

Unless you were taking it and getting out the door in under a year.

[claystones]

they aint buying me i want my terms and conditions not a bribe its a NO from me

[Jonno13]

is it £1000? to bump the offer up to the original £1500?

No, believe it's only an extra £500 but nothing agreed

[SMS1969]

is it £1000? to bump the offer up to the original £1500?

No, believe it's only an extra £500 but nothing agreed

Great, so just over £500 for me then on my p/t contract, after deductions. Worth it, NOT.

[norris9]

JUST GET ON WITH IT FFS.

finally got a deal and gotta wait months to even vote on it.

[dazzler123]

Much more concerned with what a days work is supposed to look like. We didnt have to lapse today, and the job was actually enjoyable/ possible

[enskied]

is it £1000? to bump the offer up to the original £1500?

No, believe it's only an extra £500 but nothing agreed

Great, so just over £500 for me then on my p/t contract, after deductions. Worth it, NOT.

And don't forget approximately £182.50 of that money goes back to the union in your fees.

[toonshola]

There’s only one reason Royal Mail would add more to the lump sum after it’s already been agreed, they know this deal is great for them and abysmal for us and want that yes vote to cross the finish line. Dave Ward and the union know this too but are counting on us seeing £1000(before tax) dangling in front of us and being thick enough to accept it.
Good negotiated settlements include good basic pay rise percentages and good terms to the deal not one off bungs. They can get f**ked.

[DirtyHarry]

I cannot, and will not, be bought so cheaply.