why 29th september for lump sum ?

[aiden01]

My opinion is they have pushed it until the 29th September whilst they quickly put the changes in place to see if there’s a reaction from the union/unofficial industrial action. I am a cynic though.

That crossed my mind too. They have definitely bent the rules on the agreement already especially with the sickness changes.

Think we are well past offical-unoffical industrial action.

[LouBarlow]

My opinion is they have pushed it until the 29th September whilst they quickly put the changes in place to see if there’s a reaction from the union/unofficial industrial action. I am a cynic though.

That crossed my mind too. They have definitely bent the rules on the agreement already especially with the sickness changes.

Think we are well past offical-unoffical industrial action.

Yes I think you are right.

[Woody Guthrie]

Occam's razor.

The simplest solution is usually the best.
The money in the escrow is more than enough to pay both lump sums.
Why not wait until that's free to pay both lump sums?

[scotchy1962]

Occam's razor.

The simplest solution is usually the best.
The money in the escrow is more than enough to pay both lump sums.
Why not wait until that's free to pay both lump sums?

You do like your quotations Woody and that's a very obscure one.
I think the lump sum push back is to make sure they get what they want before releasing it.
And they aren't "Bending" the rules they are most certainly breaking them.
As i said before, i would have had some of these grey areas sorted before the vote and etched in stone so that there was no misunderstandings.
But we are where we are and now it's up to the union to try to bring them to heel with what little sway they have left.
I don't hold out much hope.

[Binsey]

In my opinion the excess money should have been put into a fund or AVC for individuals who actually contributed to said pension fund.

Borrowing off Peter to pay Paul is never a good idea.

[jahbalon]

Give us the money now. There is no valid reason for keeping us waiting until September 29th.

When it comes to money, I can get Bolshi

[freespeech]

In my opinion the excess money should have been put into a fund or AVC for individuals who actually contributed to said pension fund.

Borrowing off Peter to pay Paul is never a good idea.

It isn't "from" the pension fund so it shouldn't only help those in the fund.

[mafiaman]

Wouldn't worry about these bully boy managers they have no backbone to stand up to There managers.And they will be out the door once they've been use and abused.

[fallenworld2022]

what is the criteria, if u leave before 29th september is their any guidelines for sure u will get it come 29th september, royal mail hr team think u have to be in post by 29th september getting mixed messages

[yellowbelly]

what is the criteria, if u leave before 29th september is their any guidelines for sure u will get it come 29th september, royal mail hr team think u have to be in post by 29th september getting mixed messages

LTB 185/23:

£500 LUMP SUM

The one-off £500 lump sum will be paid to members in Royal Mail, PFW and support functions (excluding PFSL and Fleet) on Friday 29 September.

£900 LUMP SUM (minimum)

In addition, the one-off lump sum payment of at least £900 will be paid on Friday 29 September.

The exact amount will depend on the precise number of employees at the time of the payment but will be at least £900 per employee. This payment will also be received by Fleet and PFSL members.

This means a total lump sum payment of at least £1,400 will be paid on Friday 29 September (pro-rated for part-time employees)

IMPORTANT INFORMATION

All the payments set out above will only be paid to employees in post on the 4th August 2023.

[aiden01]

what is the criteria, if u leave before 29th september is their any guidelines for sure u will get it come 29th september, royal mail hr team think u have to be in post by 29th september getting mixed messages

According to the ltb i read as long as your in post 4th aug 2023 you will be paid.

[aiden01]

what is the criteria, if u leave before 29th september is their any guidelines for sure u will get it come 29th september, royal mail hr team think u have to be in post by 29th september getting mixed messages

There you go yellowbelly has just quoted ltb.

[fallenworld2022]

where is this information coming from, i phoned hr they said u have to be in post for 29th september

[Dexydog]

The info posted is from an LTB from the union.
We know RM are inclined to break agreements.
So if HR are saying in post on payment date I would be taking their word for it.

[Woody Guthrie]

The info posted is from an LTB from the union.
We know RM are inclined to break agreements.
So if HR are saying in post on payment date I would be taking their word for it.

It's not just the union saying it, everyone is including Zareena Brown who's kind of the big deal at HR...

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