Answer a few points

[smok3y666]

What exactly is the pension deficit ?

It's a surplus, not a deficit. There's loads of money left over from a closed scheme, it should go to the members of that scheme, the union wants to give it to new starters.

Sounds like the current government.

[hazzeem025]

What exactly is the pension deficit ?

It's a surplus, not a deficit. There's loads of money left over from a closed scheme, it should go to the members of that scheme, the union wants to give it to new starters.

How can they give it to new starters, if they haven't paid a penny into it? The only people who get it, should be the ones who have paid into it.

[norris9]

Why does this Martin Walsh geezer come on here whining about members opinions all the time....

he doesn't care for our opinions....

I'll tell you what has always been downhill is the CWU Live Chat on Youtube. Years ago I made an inoffensive comment criticising something about the CWU and was instantly blocked....shut down and shut up by my own union. I never get personal, or abusive, or swear in any opinions I have.... yet whoever deals with the CWU Youtube chat and blocks people willy-nilly shouldn't be working for the CWU. I cannot ask questions on the live chat, and haven't been able to for years - it's ridiculous. Yet Martin wants to come on here and complain about people having an opinion.... it sums everything up.

The CWU is like Royal Mail, they only have time for YES MEN.

[claretandblue]

What exactly is the pension deficit ?

It's a surplus, not a deficit. There's loads of money left over from a closed scheme, it should go to the members of that scheme, the union wants to give it to new starters.

How can they give it to new starters, if they haven't paid a penny into it? The only people who get it, should be the ones who have paid into it.

Exactly.

[Valentina@1]

Why does this Martin Walsh geezer come on here whining about members opinions all the time....

he doesn't care for our opinions....

I'll tell you what has always been downhill is the CWU Live Chat on Youtube. Years ago I made an inoffensive comment criticising something about the CWU and was instantly blocked....shut down and shut up by my own union. I never get personal, or abusive, or swear in any opinions I have.... yet whoever deals with the CWU Youtube chat and blocks people willy-nilly shouldn't be working for the CWU. I cannot ask questions on the live chat, and haven't been able to for years - it's ridiculous. Yet Martin wants to come on here and complain about people having an opinion.... it sums everything up.

The CWU is like Royal Mail, they only have time for YES MEN.

Think that was head of coms Chris Webb….not seen him in a a while🫢….maybe he’s preparing this live session for Wednesday

[Saturn1]

Why does this Martin Walsh geezer come on here whining about members opinions all the time....

he doesn't care for our opinions....

I'll tell you what has always been downhill is the CWU Live Chat on Youtube. Years ago I made an inoffensive comment criticising something about the CWU and was instantly blocked....shut down and shut up by my own union. I never get personal, or abusive, or swear in any opinions I have.... yet whoever deals with the CWU Youtube chat and blocks people willy-nilly shouldn't be working for the CWU. I cannot ask questions on the live chat, and haven't been able to for years - it's ridiculous. Yet Martin wants to come on here and complain about people having an opinion.... it sums everything up.

The CWU is like Royal Mail, they only have time for YES MEN.

That's a valid point. It's much like the die hard union fan boys, who if you say something that goes against the status quo they'll say something abusive like "well if you don't like it f*** off". The irony being the union has a strong anti-bullying stance but when it comes to quieting any dissenting voices it's different.

[TopperGas]

What exactly is the pension deficit ?

It's a surplus, not a deficit. There's loads of money left over from a closed scheme, it should go to the members of that scheme, the union wants to give it to new starters.

How can they give it to new starters, if they haven't paid a penny into it? The only people who get it, should be the ones who have paid into it.

Who paid into it to lead to the surplus, RM or it's members, or a mixture of the two?

[yellowbelly]

Pension Surplus- The EP agreement says we will get a share of the pension surplus when the Trustees are satisfied. There are two pension surpluses , the first is from the Care Scheme and the other. Is from the Cash balance which is smaller.

When we get a share it will go into the employee benefit scheme which will also generate 10% of any profit made by the company in future pay rises.
What does that even mean ? Sorry for being thick could someone explain that

This surplus was at risk of going exclusively to EP. At the appropriate point the union and our democratic process including our conference with decide how we use it. There is a motion at this years conference asking the union to use the pension surplus to reduce from 67 to 65 the age under new pension scheme when you receive your full pension.
It would have been doubtful the trustees would have done that-technically yes they could do that...but not very likely unless they were pressured by RM.
I see the CWU have put themselves centre in deciding what happens - what about a vote to members on how they would like their money used.
A choice of options and pension scheme members only vote on how the pension surplus is used.
It is our money
Who exactly asked the CWU to decide what happens to our pension money - members of the scheme certainly did not.

Colleagues should get a wriggle on and make representations to their branch how they want the branch to vote at:

CWU Conference 2026 - 12/5 to 14/5 https://www.cwu.org/event/cwu-biannual-conference/

Agenda Item number 1

CATEGORY A: Conference notes that the RMCPP has an NRA of 67.

The Postal Executive is instructed, working with the CWU Trustees, to
negotiate an NRA of 65, possibly funded by the surplus within the previous
RM pension scheme.

London Phoenix

[Gary55]

f***ing theiving fat bastards . Been in the union nearly 40 years can't believe they are stitching up old staff hoping new staff will join on the back of us getting robbed

[hero22]

Cheers. How long ago was it closed ?
Seems crazy to even think of giving money to new starts when it belongs to others.

[hero22]

What exactly is the pension deficit ?

It's a surplus, not a deficit. There's loads of money left over from a closed scheme, it should go to the members of that scheme, the union wants to give it to new starters.

Sounds like the current government.