Pension Raid

[claretandblue]

Seems a tad unfair that only people aged between 57 and 67 get a payment.

Who said anything about 67?

It's all dependent on the trustees and EP anyway.

They have to agree to specifically give RMPP members a share.

Just going off retirement age for the new pension, I know a few people who are older are still working but the vast majority will be under 67.

[Jaggs]

I would urge anyone who feels the same, to express your views to the RMPP trustees.

Their address is:

Royal Mail Pensions Trustees Ltd
Sixth Floor
1 George Yard
London
EC3V 9DF

If you do contact the Trustees I would highlight some of Martin's comments regarding the surplus to them and remind them that they should act in the best interests of the members of the scheme and not in the interests of the CWU.

[Hyrrokkin]

Seems a tad unfair that only people aged between 57 and 67 get a payment.

Surely if under 55 your % should be held until you reach 55 - in an AVC account for example.

If not that would be discrimination and utterly unfair.

[RobertT]

For anyone interested in the latest on this – the Dept. for Work and Pensions have opened a consultation on the regulations associated with the release of surplus DB pension funds.

Scheme members as well as employers, are being mentioned in relation to receiving a share of available cash.

The regulations aren't due to 'go live' until April 2027.

https://www.pensionsage.com/pa/DWP-laun ... tation.php

[Valentina@1]

For anyone interested in the latest on this – the Dept. for Work and Pensions have opened a consultation on the regulations associated with the release of surplus DB pension funds.

Scheme members as well as employers, are being mentioned in relation to receiving a share of available cash.

The regulations aren't due to 'go live' until April 2027.

https://www.pensionsage.com/pa/DWP-laun ... tation.php

What you think will happen to our surplus then Robert?
Members payout?