subs increase

[POSTMAN]

It's here,you'll have to zoom in,and there's a video...
http://europe.nxtbook.com/nxteu/century ... 01011/#/14" onclick="window.open(this.href);return false;

[jack straw]

Not very wise to put subs up, considering the absolutely dire job the CWU is doing. Smacks of taking the piss, it does.

Somebody has got to pay for their lovely expensive houses, and jolly ups. They won't be up at 5am on Saturdays schlepping around, so you've gotta pay!
Now be thankful for your very own Hayes and Ward. Absolute waste of money.

[dvbuk55]

It's here,you'll have to zoom in,and there's a video...
http://europe.nxtbook.com/nxteu/century ... 01011/#/14" onclick="window.open(this.href);return false;

Fair Cop Guv! No need for austerity when somebody else is paying.

[belle smith]

they're skint.....they blew £28,0000,000 last year on....something and it's time to shake the tin a little harder.
Pies don't come cheap Harry.

Did i read that right £28m...... on what?

[dvbuk55]

they're skint.....they blew £28,0000,000 last year on....something and it's time to shake the tin a little harder.
Pies don't come cheap Harry.

Did i read that right £28m...... on what?

Perks, pensions, cheap loans, interest charges, political contributions, trips to Brussels.............oh yes there's nothing like getting the finances in order - cash shortfall here Guv maybe we should tighten our belts...........tighten our belts my arsch, put the feckin subs up again.

[fishtank]

they're skint.....they blew £28,0000,000 last year on....something and it's time to shake the tin a little harder.
Pies don't come cheap Harry.

Did i read that right £28m...... on what?

Expenditure
Central Services to Members.....................................750,783
Publications and Publicity ........................................712,866
Education I ..........................................................640,922
Branch Organisation and Recruitment J .........................221,444
Regional and Divisional Representation K .......................895,102
National Executive Council and National Organisation ......4,017,960
Elections and Ballots M .............................................350,501
Union Conferences................................................. 452,869
Affiliations, Delegations and Donations ......................... 769,903
Professional and Financial Charges ............................... 661,263
Headquarters Expenses........................................... 2,481,647
Headquarters Depreciation to Fixed Assets .......................287,171
Salaries and Payroll Costs..........................................6,806,296
Staff Superannuation Schemes ...................................1,240,000
International Activities ............................................. 372,375
General Fund Total Expenditure ................................20,661,102

Less: Employer Collection Charges............................... (395,902)
Other Collection Costs ...............................................(12,502)
Rebates to Branches............................................... (7,717,646)

[dvbuk55]

They do spend a lot of money on themselves don't they?

[fishtank]

They do spend a lot of money on themselves don't they?

Those are some big numbers dv and as far as i know it doesn't include the £1.5million of members contributions that are used to prop up the creaking staff pension.
It will be interesting to see where the £4million in cuts might be coming from.

[belle smith]

They do spend a lot of money on themselves don't they?

Those are some big numbers dv and as far as i know it doesn't include the £1.5million of members contributions that are used to prop up the creaking staff pension.

Staff Superannuation Schemes ...................................1,240,000
That looks an awful lot like a pension scheme unless you mean £1.5m in addition to this.
ps. if that muppet Loinel 'gamble on equities' Sampson was in charge then i'm not surprised it's creaking.

[fishtank]

Staff Superannuation Schemes ...................................1,240,000
That looks an awful lot like a pension scheme unless you mean £1.5m in addition to this.
ps. if that muppet Loinel 'gamble on equities' Sampson was in charge then i'm not surprised it's creaking.

The Pensions regulator recently reported that 97% of defined benefit pensions schemes have seen increased deficits. The schemes sponsored by the CWU are no exception and the fact is that we are now facing combined deficits in the three pension schemes we sponsor of around the £14 million mark (subject to final actuarial valuation).
This will necessitate an increase in yearly spend of approximately £1.2 - £1.4 million in order for us to deal with these deficits. This is an addition to the already steadily increasing expenditure that we are currently incurring and thus worsens our ongoing rate of expenditure.

[dvbuk55]

They do spend a lot of money on themselves don't they?

Those are some big numbers dv and as far as i know it doesn't include the £1.5million of members contributions that are used to prop up the creaking staff pension.
It will be interesting to see where the £4million in cuts might be coming from.

Well we've heard of these cuts before, when the unions amalgamated BUT the expenditure has gone up and up and lovejoy stated that the pensions were being reviewed................................ will the review cut the final salary to a career defined scheme I wonder - perhaps they'll just increase the subs. I do notice thought that the expenditure on recruitment isn't that high.