LTB607/19 - RMPFS - Pension Salary Exchange (PSE)

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LTB607/19 - RMPFS – Pension Salary Exchange (PSE)

No. 607/2019

18th October 2019

TO: ALL BRANCHES WITH RMPFS MEMBERS

Dear Colleagues,

Re: RMPFS – Pension Salary Exchange (PSE)

RMPFS has sent letters on Pension Salary Exchange (PSE) to staff at home addresses. Unfortunately the Union was not advised that this communication was to take place and it has already generated some concern and a significant level of enquiries from members.

The Union has no in principle objection to Pension Salary Exchange, which was introduced to the rest of Royal Mail Group after discussion with CWU in June 2015.

The communications from RMPFS appear to have been sent solely to members of the Royal Mail Pension Plan and as far as we are aware members of the Defined Contribution Schemes currently operating in RMPFS have not been invited to participate in PSE.

The Union has written to RMPFS to clarify the position and a further LTB will be issued when clarification is received.

All enquiries regarding the content of this LTB should be addressed to the PTCS Department, quoting reference 302. Email address: khawkins@cwu.org or contact the Outdoor Department, reference 120.12, email address: outdoorsecretary@cwu.org.

Yours sincerely

Ray Ellis
Assistant Secretary



Mark Baulch
Assistant Secretary

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