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scheme splits?

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.
Jefferson Starfish
Posts: 899
Joined: 12 Aug 2011, 15:32
Gender: Female
Location: Greendale DO

scheme splits?

Post by Jefferson Starfish »

Just out of interest, does anyone know roughly the split between section B, section C and the DC plan, among current employees?
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: scheme splits?

Post by RobertT »

My office has roughly 100 employees and going by the seniority list, and assuming everyone was enrolled into the pension from day one, the split is:

Section A = 0
Section B = 3%
Section C = 38%
RMDCP = 59% - some with at least 5 years in the RMDCP may have joined the DBCBS(section F of the RMPP) instead.

In practice there are probably some who initially joined a pension but have since opted out, and there may be some who've opted out completely. So those percentages may be a little lower.

I have no idea whether that is mirrored across the company!
Links to all RM pension related websites are here
Hyrrokkin
Posts: 855
Joined: 24 Nov 2021, 18:17
Gender: Male

Re: scheme splits?

Post by Hyrrokkin »

Jefferson Starfish wrote:
24 Aug 2022, 18:49
Just out of interest, does anyone know roughly the split between section B, section C and the DC plan, among current employees?
Not sure but isn't this information in the RM Pension Account Statements (somewhere in there i think)
RobertT
EX ROYAL MAIL
Posts: 6644
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: scheme splits?

Post by RobertT »

Hyrrokkin wrote:
25 Aug 2022, 19:03
Jefferson Starfish wrote:
24 Aug 2022, 18:49
Just out of interest, does anyone know roughly the split between section B, section C and the DC plan, among current employees?
Not sure but isn't this information in the RM Pension Account Statements (somewhere in there i think)
The RMSPS and RMPP reports and accounts have figures relating to how many members are active, deferred and pensioners. But as far as I can recall, there is nothing relating to how many are in each section.
Links to all RM pension related websites are here