https://www.gov.uk/government/publicati ... 20-to-2021
This report provides the Royal Mail Statutory Pension Scheme's annual account for 1 April 2020 to 31 March 2021.
Published 9 September 2021
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Royal Mail Statutory Pension Scheme annual accounts 2020 to 2021
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POSTMAN
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Royal Mail Statutory Pension Scheme annual accounts 2020 to 2021
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.
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.
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POSTMAN
- SITE ADMINISTRATOR
- Posts: 32699
- Joined: 07 Aug 2006, 03:19
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Re: Royal Mail Statutory Pension Scheme annual accounts 2020 to 2021
Summary:
https://www.professionalpensions.com/ne ... l-accounts
The Cabinet Office has published the annual accounts of the Royal Mail Statutory Pension Scheme (RMSPS) for the year to 31 March 2021.
The unfunded scheme - formed after the government assumed responsibility for the Royal Mail Pension Plan's deficit and liabilities for service prior to 31 March 2012 - said its total liabilities stood at £48.6bn at 31 March this year, down from £49bn the year before.
It said total benefits of £1.4bn were payable in the year in respect of pensions, commutations, lump sums and death benefits payable. Total transfers out of £4.4m were payable in the year.
The accounts added that, during the year, a net actuarial loss of £0.2bn had been incurred as the result of the fall in the nominal discount rate from 1.80% to 1.25%, a shift it said had been partially offset by a decrease in the assumed rate of pension increases.
The RMSPS added its total membership had fallen from 378,769 at 31 March 2020 to 371,559 at 31 March 2021 - noting it now had around 206,000 pensioner members, 110,000 deferred pensioners and 85,000 active deferreds, those who are still employed at Royal Mail or Post Office and who receive RPI-based revaluations.
The scheme also noted that the government had taken the decision to make full GMP indexation the permanent solution for scheme members with a GMP reaching state pension age beyond 5 April 2021, in addition to members who reached state pension age after April 2016.
It said a past service cost relating to the additional liabilities accrued for affected members had been included in the previous year's accounts.
https://www.professionalpensions.com/ne ... l-accounts
The Cabinet Office has published the annual accounts of the Royal Mail Statutory Pension Scheme (RMSPS) for the year to 31 March 2021.
The unfunded scheme - formed after the government assumed responsibility for the Royal Mail Pension Plan's deficit and liabilities for service prior to 31 March 2012 - said its total liabilities stood at £48.6bn at 31 March this year, down from £49bn the year before.
It said total benefits of £1.4bn were payable in the year in respect of pensions, commutations, lump sums and death benefits payable. Total transfers out of £4.4m were payable in the year.
The accounts added that, during the year, a net actuarial loss of £0.2bn had been incurred as the result of the fall in the nominal discount rate from 1.80% to 1.25%, a shift it said had been partially offset by a decrease in the assumed rate of pension increases.
The RMSPS added its total membership had fallen from 378,769 at 31 March 2020 to 371,559 at 31 March 2021 - noting it now had around 206,000 pensioner members, 110,000 deferred pensioners and 85,000 active deferreds, those who are still employed at Royal Mail or Post Office and who receive RPI-based revaluations.
The scheme also noted that the government had taken the decision to make full GMP indexation the permanent solution for scheme members with a GMP reaching state pension age beyond 5 April 2021, in addition to members who reached state pension age after April 2016.
It said a past service cost relating to the additional liabilities accrued for affected members had been included in the previous year's accounts.
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.
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.