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RMPP agrees early release of escrow and GBP900 question

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
grchpo
Posts: 488
Joined: 16 Mar 2019, 13:59
Gender: Male

Re: RMPP agrees early release of escrow and GBP900 question

Post by grchpo »

Geordiepapa wrote:
14 Jul 2023, 15:56
grchpo wrote:
14 Jul 2023, 11:54
qwerty2 wrote:
14 Jul 2023, 07:53
Greedy :left:
Did you go on strike for us? :Boo hoo!
I did 18 days of strikes, I've now left but i get nothing, how is that fair. I don't even get the back pay even though I was there for nearly 2 months after 5th April. The CWU have totally failed to take this into account.

I wonder if, legally, Royal Mail can withdraw the pay increase to those who were working in April but have since left. I would email Payroll/HR requesting the increase for period you were employed with them. This same thing happened to my wife (not Royal Mail) and she just emailed her payroll office and was paid the increase due. So worth a try.
Thank you
Rumple
Posts: 428
Joined: 20 Nov 2013, 10:45
Gender: Male

Re: RMPP agrees early release of escrow and GBP900 question

Post by Rumple »

grchpo wrote:
14 Jul 2023, 16:56
Rumple wrote:
14 Jul 2023, 15:54
Did we not have strike days on consecutive weeks in December? If your 1 week off in 6 and no annual leave in December you surely had a strike day on your day off, or am I missing something?
Yes you are missing something. ..the polnt of my post. If you read it properly i am asking about backpay.
Thank you Woody Guthrie for a sensible response, I'll do that
You said you did 18 days of strikes. You didn’t. What am I missing?
grchpo
Posts: 488
Joined: 16 Mar 2019, 13:59
Gender: Male

Re: RMPP agrees early release of escrow and GBP900 question

Post by grchpo »

Rumple wrote:
14 Jul 2023, 18:44
grchpo wrote:
14 Jul 2023, 16:56
Rumple wrote:
14 Jul 2023, 15:54
Did we not have strike days on consecutive weeks in December? If your 1 week off in 6 and no annual leave in December you surely had a strike day on your day off, or am I missing something?
Yes you are missing something. ..the polnt of my post. If you read it properly i am asking about backpay.
Thank you Woody Guthrie for a sensible response, I'll do that
You said you did 18 days of strikes. You didn’t. What am I missing?
You are missing a life, go & get one
prem
Posts: 20
Joined: 18 Sep 2012, 04:42
Gender: Male

Re: RMPP agrees early release of escrow and GBP900 question

Post by prem »

Thanks to the posters who responded to my OP questions. Seems this subject is quite 'a can of worms' and has not been handled very well by the trustees or Royal Mail. Good luck to you all who are still employed in Royal Mail and let's hope that we pensioners don't get 'bitten on the bum', by the decision of the trustees, at some future date.
Woody Guthrie
Posts: 5166
Joined: 29 Sep 2018, 20:47
Gender: Male

Re: RMPP agrees early release of escrow and GBP900 question

Post by Woody Guthrie »

prem wrote:
15 Jul 2023, 05:42
Thanks to the posters who responded to my OP questions. Seems this subject is quite 'a can of worms' and has not been handled very well by the trustees or Royal Mail. Good luck to you all who are still employed in Royal Mail and let's hope that we pensioners don't get 'bitten on the bum', by the decision of the trustees, at some future date.
I think the amount in the escrow was so small compared to the size of the fund by the time any issue in the fund started becoming a genuine risk to members the escrow money would be like throwing a thimble of water at a bonfire anyway.

Royal Mail still has full liability for any deficit in the scheme.
Only dead fish follow the current
TrueBlueTerrier
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Posts: 72545
Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: RMPP agrees early release of escrow and GBP900 question

Post by TrueBlueTerrier »

grchpo wrote:
14 Jul 2023, 11:54
qwerty2 wrote:
14 Jul 2023, 07:53
Greedy :left:
Did you go on strike for us? :Boo hoo!
I did 18 days of strikes, I've now left but i get nothing, how is that fair. I don't even get the back pay even though I was there for nearly 2 months after 5th April. The CWU have totally failed to take this into account.

In my 20 years at Royal Mail, the pay rise has never been backdated for everyone even those that have left. Its always been the case that a specific date has been set and you have to be in Royal Mail employment on that date.

For example. (these are not real just an example)

Pay Backated to 1 April 2023
You leave on 1 May 20223
The agreement is reached on 8 July 2023.
The agreement states must be in RM employment on 15 July 2023.

You wouldn't get the pack pay.

is it fair, no, but the Union and Royal Mail have always had cut-off dates.
All post by me in Green are Admin Posts.
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My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
Jefferson Starfish
Posts: 899
Joined: 12 Aug 2011, 15:32
Gender: Female
Location: Greendale DO

Re: RMPP agrees early release of escrow and GBP900 question

Post by Jefferson Starfish »

TrueBlueTerrier wrote:
15 Jul 2023, 08:37
grchpo wrote:
14 Jul 2023, 11:54
qwerty2 wrote:
14 Jul 2023, 07:53
Greedy :left:
Did you go on strike for us? :Boo hoo!
I did 18 days of strikes, I've now left but i get nothing, how is that fair. I don't even get the back pay even though I was there for nearly 2 months after 5th April. The CWU have totally failed to take this into account.

In my 20 years at Royal Mail, the pay rise has never been backdated for everyone even those that have left. Its always been the case that a specific date has been set and you have to be in Royal Mail employment on that date.

For example. (these are not real just an example)

Pay Backated to 1 April 2023
You leave on 1 May 20223
The agreement is reached on 8 July 2023.
The agreement states must be in RM employment on 15 July 2023.

You wouldn't get the pack pay.

is it fair, no, but the Union and Royal Mail have always had cut-off dates.
So what is the cut off date with this agreement?
TrueBlueTerrier
FORUM ADMINISTRATOR
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Joined: 30 Dec 2006, 10:29
Gender: Male
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Re: RMPP agrees early release of escrow and GBP900 question

Post by TrueBlueTerrier »

It will be in the paperwork somewhere but it is normally around the date of the agreement being voted in.

If I can find it I will post it here, but real life is getting in the way at the moment.
All post by me in Green are Admin Posts.
Any post in any other colour is my own responsibility.
If you like a news story I posted please click the link to show support Any news stories you can't post - PM me with a link
My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
renrag40
Posts: 423
Joined: 05 Jun 2019, 00:35
Gender: Male

Re: RMPP agrees early release of escrow and GBP900 question

Post by renrag40 »

4th of August