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Dee Plish wrote:The CWU has Trustees on the pension board to protect our interests. How on earth can they allow themselves to be associated with this latest set of proposals? Does anyone "in the know" know what OUR Trustees actually think of all this, and what are they doing about it?
This is the response I received recently
Thank you for your recent enquiry which the pensions helpline has passed to the Trustee office for a response.
The Pensions Agreement (with effective date 31 March 2012) resulted in the Government taking on the historic RMPP liabilities at that point in time, but benefits built up in the RMPP from 1 April 2012 (including those relating to pre-2008 ‘final salary' benefits) remain the responsibility of the Company.
We do not comment on speculation. However, the Trustee would communicate with members of the RMPP if and when there was something to say – such as in the event of a Company consultation.
Regards
Mark Rugman
Membership & Benefits Manager
Royal Mail Pension Plan
1 Coleman Street
London EC2R 5AA
What I would like to know, if anybody can tell me, is what these people know. That is to say, what qualifies them to be our trustees? How many are accountants, solicitors, actuaries? Only these sort of people will do the job properly for us. Lets face it, there's some clued up people on here and even they are beginning to struggle with this.
Dee Plish wrote:The CWU has Trustees on the pension board to protect our interests. How on earth can they allow themselves to be associated with this latest set of proposals? Does anyone "in the know" know what OUR Trustees actually think of all this, and what are they doing about it?
This is the response I received recently
Thank you for your recent enquiry which the pensions helpline has passed to the Trustee office for a response.
The Pensions Agreement (with effective date 31 March 2012) resulted in the Government taking on the historic RMPP liabilities at that point in time, but benefits built up in the RMPP from 1 April 2012 (including those relating to pre-2008 ‘final salary' benefits) remain the responsibility of the Company.
We do not comment on speculation. However, the Trustee would communicate with members of the RMPP if and when there was something to say – such as in the event of a Company consultation.
Regards
Mark Rugman
Membership & Benefits Manager
Royal Mail Pension Plan
1 Coleman Street
London EC2R 5AA
What I would like to know, if anybody can tell me, is what these people know. That is to say, what qualifies them to be our trustees? How many are accountants, solicitors, actuaries? Only these sort of people will do the job properly for us. Lets face it, there's some clued up people on here and even they are beginning to struggle with this.
All trustees are independent, but they are appointed by RM, CWU and the CMA with one also being totally independent.
Four put forward by RM, Three by the CWU, one by the CMA and one totally independent appointment.