ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

CWU in 'constant negotiations' over Royal Mail scheme future

Latest Royal Mail and CWU news.This is an open forum.
TrueBlueTerrier
FORUM ADMINISTRATOR
Posts: 72596
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

CWU in 'constant negotiations' over Royal Mail scheme future

Post by TrueBlueTerrier »

CWU in 'constant negotiations' over Royal Mail DB scheme future

Image

http://www.professionalpensions.com/818896

A review into the structure of the postal industry will determine the future of the Royal Mail Pension Scheme, the Communication Workers Union says.

A CWU spokeswoman said the independent review of the postal services sector – chaired by Artilium chairman Richard Hooper – could determine the responsibility the government has regarding the deficit of Royal Mail’s DB scheme when it is published at the end of the month.

She said union representatives met this week to discuss the "continued attacks" on the postal service and the conditions of its workers.

And she noted the CWU was still in "constant" negotiations with Royal Mail over the fate of its pension scheme, which was closed to new entrants on March 31.

She said: "It is still a very live issue. We have been calling for this review. It will provide a firm ground, a definitive position. This will be significant to what happens to pensions."

Employees who joined Royal Mail after April 1 will qualify for a defined contribution plan once they have completed one year of service – and the firm will launch a new plan in April next year.
All post by me in Green are Admin Posts.
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.
dvbuk55
EX ROYAL MAIL
Posts: 16650
Joined: 02 Jun 2007, 19:17
Gender: Male

CWU in 'constant negotiations' over Royal Mail scheme future

Post by dvbuk55 »

When they say they are "in constant negotiations" is that where they lobby MPs, send letters to Hooper, the Government and RM and are "constantly" rebuffed?
Ah I see how negotiating works now - any news on next years pay negotiations, only I'd like to order the lubricant well in advance.