pension fund

[22games]

Correct me if im wrong but how many years did royal mail not pay into the pension fund,i heard it was 7 years,so they take £19.41 per week times 52 times 7 = £7065.24p they b@stards owe me

[Geordie]

It was 17 years.

[pickaname]

17 years is wot i heard

[ukraider7]

IT 17 YEARS AND NOW THEY WANT US TO PAY MORE TO BRIDGE IT AND WORK TILL 65.

[22games]

17 years is wot i heard

ive been in the job 20 years and they have only put in for 3 of those years F@ckin ell at least dick turpin wore a mask
That makes things even worse they now owe me 17 grand

[DirtyHarry]

And the top 100 execs, as well as the gruesome twosome, have exempted themselves from any changes made to the pension plan.

"Our people", my arse.

[POSTMAN]

Thought it was 13,regardless,it's still a f***ing stitch up!!!

[DirtyHarry]

Thought it was 13,regardless,it's still a f***ing stitch up!!!

They're no better than thieves, mate. ..................... Firing squad, that'd cure 'em.

[IWW Fellow Worker]

Deffo 17 yrs from Thatcher to Major to Blair they all turned a blind eye

It's called 'cross party support' mate. Translated, it means 'Bollocks to the working class!"

[BELIAL]

11,13,17; we robbed you a bit ,a lot ,f***ing loads; now we want you to pay for it you simpletons

[disheartened]

Let me see if i got this correct.......i started at RM 1979......so come 2019 i'll have 40 years service in,am i correct in saying that is the maximum that one can pay in to a pension scheme.I will be 59 years of age then and intend or intended to retire with a full pension then(if i am still breathing Gods air that is!!!)

So IF RM get their way the retirement age will increase from 60 years of age to 65 years of age,but i can still retire at 60 although my pension will be reduced by 25%......thats the way i understand it,do i read it correctly

[TrueBlueTerrier]

Billy said on BBC news 17 years

[UNION IVOR]

Deffo 17 yrs from Thatcher to Major to Blair they all turned a blind eye

well said jock

[POSTMAN]

Let me see if i got this correct.......i started at RM 1979......so come 2019 i'll have 40 years service in,am i correct in saying that is the maximum that one can pay in to a pension scheme.I will be 59 years of age then and intend or intended to retire with a full pension then(if i am still breathing Gods air that is!!!)

So IF RM get their way the retirement age will increase from 60 years of age to 65 years of age,but i can still retire at 60 although my pension will be reduced by 25%......thats the way i understand it,do i read it correctly

Yes to all of it,except i'm not 100% on what you lose if you go at 60.
Word is you might lose a certain % on only a bit of the pension,either way we will lose money if we go at 60.

[baldrick]

Correct me if im wrong but how many years did royal mail not pay into the pension fund,i heard it was 7 years,so they take £19.41 per week times 52 times 7 = £7065.24p they b@stards owe me

Yes it was 17 years. I remember I started paying into the Equitable Life AVC 17 years ago, and decided to do that rather than buy added years because RM was not paying into the pension scheme at the time, also because Equitable Life was supposed to be doing well and I would get a better pension from them than the RM scheme. When Equitable Life went down the pan I lost 16% of what was in my account, and transferred what was left into the RM scheme to buy added years. I have been paying an extra £25-30 pw for the last 17 years (about £30k to date) in the hope that I would be able to retire on a full pension at 60. Now they want me to work on to 65 for a smaller pension. I may have been better off putting my money on the horses, or on the football pools, or the lottery.