Pension Consultation set to be announced

[Martin Walsh]

The CWU at National Level have been informed that Royal Mail will announce within the next few days a consultation on changing the pension scheme benefits .

[RobertT]

At least we'll know exactly what's going to happen instead of all these rumours.

[fishtank]

That's interesting timing dingo,just as the consultation ballot kicks off....

[Martin Walsh]

I think it's more to do with now the profits have been announced.

[heapsy]

Stitch up again ... me thinks.

[nataddick]

Take a look through the pensions pages 32-35 in the preliminary results which can be found at :-

http://www.royalmailgroup.com/prelimina ... rch-2013-0" onclick="window.open(this.href);return false;

These pages provide all the financial information that is available at the present time. The 5 risk factors listed on page 33 make interesting reading and also the comment on page 35 which states :-

'The surplus in RMPP is assumed to be available as a reduction to contributions and this future benefit is recognised within the deferred taxation asset.'

So Royal Mail can take a pension holiday for say 2 years and at the same time try to secure a reduction in member's benefits via the consultation!

[TrueBlueTerrier]

http://www.royalmailchat.co.uk/communit ... 27&t=52946" onclick="window.open(this.href);return false;

[nataddick]

The plot thickens - hope the CWU respond to members very soon.

[Glenno]

The plot thickens - hope the CWU respond to members very soon.

http://www.royalmailchat.co.uk/communit ... 27&t=52946" onclick="window.open(this.href);return false; for the latest

[stephen500]

No 5 year protection in the letter they sent to us?