ANNOUNCEMENT : ALL OF ROYAL MAIL'S EMPLOYMENT POLICIES (AGREEMENTS) AT A GLANCE (Updated 2021)... HERE

ANNOUNCEMENT : PLEASE BE AWARE WE ARE NOT ON FACEBOOK AT ALL!

Postal Strike Looms

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.
Night Tonic
Posts: 1474
Joined: 23 Oct 2007, 21:35

Post by Night Tonic »

Undoubtedly but theres no such thing as 'government money'. I can just see Brown saying to country "We need to spend tax payers money on postal workers pensions" - he won't do it. He'd have a million or so others saying the same thing. The government will back RM's plan and so will trustees.
User avatar
POSTMAN
SITE ADMINISTRATOR
Posts: 32584
Joined: 07 Aug 2006, 03:19
Gender: Male

Post by POSTMAN »

But as we all know NT,it's not tax payers money,it came from US in the 1st place. :sad:
I Wrote-During Covid-Which is still relevant now
It's good to get these types of threads, the ridiculous my manager said bollox, so we can reassure ourselves that while the world is falling apart, Royal Mail managers are still being the low-life C***S they have always been.
My BFF Clash
The daily grind of having to argue your case with an intellectual pigmy of a line manager is physically and emotionally draining.
Night Tonic
Posts: 1474
Joined: 23 Oct 2007, 21:35

Post by Night Tonic »

They'll still back it. Regardless.
jemima
Posts: 272
Joined: 11 Sep 2007, 10:52
Location: Cantre'r Gwaelod

Post by jemima »

The money could be retrieved, if Gordon Brown had the courage. Put some extra tax on management bonuses and pay above £100,000 per year. Far more people earn less than that than earn more - he wouldn't be upsetting the majority of voters. He could say that it is the moral duty of the country to repay the money it has 'borrowed' from the pension fund.
bandit650
Posts: 880
Joined: 14 Aug 2007, 15:42
Gender: Female

Post by bandit650 »

TrueBlueTerrier wrote:
bandit650 wrote:TBT we have not had any DVD about it in our office but then our manager is hard pushed even to do a WTLL i fact when we bought it up with DOM he said we should stop picking as we should know that its very hard for her to keep up with everything and finds it very difficult to answer all the questions that we never get a reply to.
Perhaps you should Ask Adam whatever that email address is. Because all managers were instructed that everyone should see the DVD so much so that people on leave on the 2 sessions were being given it to look at home, that's how hard they were pushing it.

If anyone has it or can get access can they post it on You Tube or host it anywhere, I mean its not very good but at least you will get Royal Mails POV as well as the Unions, and then you can make an informed choice.
We have asked Alan before on things and guess what he told us in a very nice way that we should get on with our jobs and stop poking our nose's in where its not our bussiness,he likes hands on managers that can do our job to keep thier hand in,but thanks for the info i sure that if i did'nt belong to this site we would'nt have a clue to what is going on.
BELIAL
Posts: 6758
Joined: 15 Jun 2007, 17:33
Gender: Female
Location: Nowhere

Post by BELIAL »

I did'nt get to see Adams vd ,my day off was thurs. but got changed to Tues. on Mon. Sometimes I say things in WTL and it can go on a bit ,Sorry.Still worth it to see your area manager tongue tied,temple throbbing and welling up,nothing personal but how can they do it.Vindictive little bugger has had IB following me ever since,sorry chaps do the job properly :cool
BELIAL
Posts: 6758
Joined: 15 Jun 2007, 17:33
Gender: Female
Location: Nowhere

Post by BELIAL »

cantypeANDSHOUTS wrote:
Night Tonic wrote:Withdraw your labour with what solution? Its a simple enough question buddy. What do you do with the deficit??? Who pays for it??? If you have no solution to that then you have nothing to counter RM's proposals. Strikes me that grass roots are well and truly in the mud.
well you guys and girls know by now that im no labour funding union guy but i feel its would be perfectly acceptable to strike until such time as ROYAL MAIL FOR FILL THERE LEGAL AND MORAL OBLIGATION of paying the missing 17 years of contributions.there's a goal to aim for then royal mail can re appraise there postion and ill decide again if its acceptable .only thing certain changes DO have to be made . :roll: :hmmmm
Good for you,well said.

By the way Night Tonic has had lots of answers he just chooses to ignore any facts that challenge his opinion.
For instance the fact that the independent auditors of RM's 2007 regulatory accounts could NOT sign them off as a true and accurate representation of the companies trading position, that the accounts were not legally compliant for statutory purposes, and that they did not meet internationally recognised standards of accounting practice. Cooking the books?
Couple this with another fact that NT chooses to ignore, that city analysts at Standard and Poor rated RM's pension fund among the top seven ,healthiest and best performing UK funds for 2007 and you've got to wonder if all us union supporting "sheep" are having the wool pulled over our eyes.
Bung on top of those points the FTSE recently achieving a five year high, companies posting record profits and investment funds returns increasing by 9% last year, property values at record highs , just where did our pension fund managers manage to find to invest that performed so badly? Or maybe it did'nt.

So at best the level of the so called deficit is questionable.

Even if you swallow RM's dodgy figures completely ,the question who pays for it has already been answered, RM are meant to be contributing extra to the fund for 17 years to "restore' it's position.
All proposed cuts in our pension benefits are intended to reduce this restorative contribution.What effect will this have? It will boost RM's profits by £800,000,000 a year and cost some of us up to £20,000 in lost pension benefits.

If you can afford to donate 20grand to your employer to make it a more attractive proposition for privatisation then I guess shrugging your shoulders and taking the hit is a viable course of action.
My new strategic plan is that postal workers meditate en masse and transmit positive thoughts to Alan the spiv and appeal to his better nature :pray
Night Tonic
Posts: 1474
Joined: 23 Oct 2007, 21:35

Post by Night Tonic »

Couldn't agree more on having an independent audit/enquiry. Rightly so.