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Royal Mail pensions in deficit – again

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
stephen500
EX ROYAL MAIL
Posts: 1458
Joined: 02 Jun 2007, 04:04

Re: Royal Mail pensions in deficit – again

Post by stephen500 »

"The cost of financing your future benefits (from April 2012 onwards) is significant and growing" So in one year they are up the creek? Rubbish, they just want a healthier balance sheet for the floatation.
Brain Fury
EX ROYAL MAIL
Posts: 664
Joined: 07 Apr 2011, 18:03
Gender: Male

Re: Royal Mail pensions in deficit – again

Post by Brain Fury »

So have I got this right?

RM wants to use RPI to set increases in pensionable pay for the "final salary" used to calculate pensions paid under the scheme that was ended in 2008? They will do this irrespective of whether the actual pay increase is above or below RPI and this is supposed to make the scheme more affordable

Isn't this the original RM proposal which was dropped in favour of using the actual final salary?

Meanwhile existing pensioners have their pension increases based on CPI?