I'm voting no

Spedley · Post by **Spedley** » 18 Sep 2017, 20:09

I have no doubt it will be a significant YES vote. Even if I wanted to vote NO I'd seriously consider YES instead because 90% will be a lot better than 89.99%

Post by **97gaz** » 01 Sep 2019, 12:03

Post by **RobertT** » 01 Sep 2019, 14:01

97gaz wrote: In 2008 the final salary pension at Royal Mail was closed to everyone, new or old staff. It wasn't something we could really fight as the schemes were unaffordable. Everyone who worked at Royal Mail both current staff and future staff were enrolled in the new scheme. The pension you are on now is the same pension all of us are on. It also meant that the new schemes were now not going to pay out until the age of 65.

When the FS scheme closed on 31st March 2008, existing members were enrolled into the CARE/CSDB plan and started to accrue pension on an average salary basis instead.
Any new starters after that date were put into the DC scheme.

That remained so until the closure to future accrual of the DB scheme on 31st March 2018, when existing members started building up a lump sum via the DBSCB. But could switch to DC if they chose to.
And those post 2008 entrants in the DC scheme with 5+ years service were given the opportunity to pay into the DBCBS instead.

big ginger · Post by **big ginger** » 01 Sep 2019, 19:19

Walking boots wrote:A bit controversial I know but is anyone else considering voting no, I've worked as a postman for just over a year so I don't feel like I'm very affected by the big issues, I'm in my 40s so I wouldn't expect an amazing pension and very much doubt I will do this job until retirement anyway.
I have no idea what legacy payments are other than to know I don't get them, I wonder if the posties that have been there years went on strike when it was decided new starters would not get them.
The only thing that would possibly affect me is the change in the pipeline but change happens I would have to see how it fits into my life then decide if I could stay with the company.
My worry is how long could strike action drag on for if neither side is willing to back down.
Do any fairly new part time staff feel the same?

Its like this. The more people who get behind our Union and vote yes the better chance there won't be a strike. Just like when we were balloted for the " Four Pillars ". However, division causes the Management to think they can turn us over! Together we are stronger!

Post by **97gaz** » 01 Sep 2019, 21:24

k979aaa · Post by **k979aaa** » 01 Sep 2019, 22:45

RobertT wrote:
97gaz wrote: In 2008 the final salary pension at Royal Mail was closed to everyone, new or old staff. It wasn't something we could really fight as the schemes were unaffordable. Everyone who worked at Royal Mail both current staff and future staff were enrolled in the new scheme. The pension you are on now is the same pension all of us are on. It also meant that the new schemes were now not going to pay out until the age of 65.
When the FS scheme closed on 31st March 2008, existing members were enrolled into the CARE/CSDB plan and started to accrue pension on an average salary basis instead.
Any new starters after that date were put into the DC scheme.

That remained so until the closure to future accrual of the DB scheme on 31st March 2018, when existing members started building up a lump sum via the DBSCB. But could switch to DC if they chose to.
And those post 2008 entrants in the DC scheme with 5+ years service were given the opportunity to pay into the DBCBS instead.

So funny I nearly fell of my chair 3 pensions schemes in 10 years even Nigel Farage hes been in less political parties in that time frame and how is the pension we are in at the moment doing not that the legislation is going to go through parliament anytime for the next 40 years!

bogstandard · Post by **bogstandard** » 02 Sep 2019, 12:20

re the pension element of this thread, i can honestly say i believe this will be immeasurably beneficial to future generations. will i benefit? Not so much!
Younger people coming in and paying in will see the true benefits.
Pie in the sky? maybe.. however people who plant forests will never likely see them in their full glory, but they have the vision, we need that same vision.

itinerant · Post by **itinerant** » 02 Sep 2019, 12:41

bogstandard wrote:re the pension element of this thread, i can honestly say i believe this will be immeasurably beneficial to future generations. will i benefit? Not so much!
Younger people coming in and paying in will see the true benefits.

Totally agree with this.

smok3y666 · Post by **smok3y666** » 02 Sep 2019, 14:03

Not read it all but regarding Walking Boots or whatever his/her name is, last in first out when the redundancies come around and good luck finding a job that pays as well as RM fo an unskilled job.

Woody Guthrie · Post by **Woody Guthrie** » 02 Sep 2019, 14:09

It's an old thread, walking boots is probably long gone.

Post by **RobertT** » 02 Sep 2019, 18:37

itinerant wrote:
bogstandard wrote:re the pension element of this thread, i can honestly say i believe this will be immeasurably beneficial to future generations. will i benefit? Not so much!
Younger people coming in and paying in will see the true benefits.
Totally agree with this.

I'd second that!

People on these forums have knocked CDC, but it's not really as relevant for those who already have 30 years of service and DB pension under their belts. It's predominantly for the younger posties who would otherwise only have access to individual DC schemes.

Those people will already have a state pension age of 68 and that could increase more!

The fact this is an old thread is irrelevant in my opinion, as another strike ballot looks likely in the near future and the advice of a yes vote doesn't necessarily mean we'll go on strike, is just as valid now.

Walking boots · Post by **Walking boots** » 02 Sep 2019, 18:50

Woody Guthrie wrote:It's an old thread, walking boots is probably long gone.

I'm still here, as far as this potential strike goes I have no idea what it's all about, our rep has not told us anything, other than that we must support the union and vote yes, the communication from the cwu is terrible

Woody Guthrie · Post by **Woody Guthrie** » 02 Sep 2019, 19:00

Walking boots wrote:
Woody Guthrie wrote:It's an old thread, walking boots is probably long gone.
I'm still here, as far as this potential strike goes I have no idea what it's all about, our rep has not told us anything, other than that we must support the union and vote yes, the communication from the cwu is terrible

Welcome back, those boots were made for walking.
To be fair to the union they're all over social media but to be unfair to them, not everyone is.

rockgod11 · Post by **rockgod11** » 02 Sep 2019, 22:07

Royal mail have already wrote to the CWU,saying they want to review our agreements we have.one of the first agreements there looking at is the mtsf agreement which covers no compulsory redundancies, so if that goes last one in first one out.

SlightlyAnonymous · Post by **SlightlyAnonymous** » 07 Sep 2019, 22:45

Walking boots wrote:but change happens

It does, I think we all have to accept that. Letters is going the way of the dinosaur. I haven't heard any sound arguments from my union rep / pec that haven't been tactless scaremongering imho.