as was pointed out, branches should make sure this stuff goes out to all DO's and PF workplaces for that matter. Suppose i'm lucky really as i know our branch does, the blockage is the local rep who does what they want when they deem it worthy, fortunately we have other reps who keep on at him to make sure it happens.
for me this is a twofold the pension and the vote. Whilst HQ have talked of the pension they should be pushing the want of the union to get everyone on THE SAME pension. If anyone saw the pension presentation by Hillary Salt hopefully you would have been as impressed as me with the work done and the WinRS (Wage in Retirement Scheme) scheme as it's known. The abridged version is that the scheme is valued annually which means the scheme may never be in surplus so no RM pension holiday, RM no likey. RM continue to contribute 17%, RM no likey they only want 10%. The scheme, in a live situation over a 20 year period, outperformed our final salary scheme with discretionary bonuses to the tune of approx £1500, without bonuses about £1000 less than our final salary scheme so the figures break down at about £8500 per year WinRS with bonus, nearly £7000 final salary and just under £6000 WinRS without bonuses. Now if you play those numbers against RM's preferred option then in todays market, top end pension contributions after 20 years could get you and annuity paying out nearly £3000 per year, or bottom end contributions paying out approx £1700 per year. So you decide, would you rather £8500 a year or £1700. Honestly, it really is that simple, even the WinRS without bonuses pay nearly twice RM's top end offer. The union want us all to vote, either for or against but we must vote to show they either have our support or to show they are barking up the wrong tree.
Yes i have broken down the presentation from Hillary Salt and First Actuaries but its out there go and have a look. I know what our union want for us and i know what RM think we're worth and i know who i'm supporting.
Confused... You won't be, after the next episode of. SOAP