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.
fly-catchers wrote:I recently got my NRA60 estimate for my pension next year. I intend to go for the complete pension and use my small Bonusplan for the lump sum. But if I look at the lump sum figure given for my 32 years and look at their suggested figure for 65 years, even allowing for the fact I don't even earn £25000 the remaining 13 years would given an even bigger figure than the 32 years! I don't think so!!
So if they give completely incorrect figures for the current pension which you are able to calculate quite precisely, why on earth should I trust them on their replacement scheme with no real guarentees at all! I look forward to seeing my personal estimate in the next few weeks!!
No doubt we will all get promised a million pound lump sum and 15K pension a year from a cheaper inferior scheme when the one we are fighting to keep won't pay a fraction of their false promises
They really do think we are thick as 2 short planks
Forgot to add whether anyone saw the pda message on 15th? Said 70% of members would be better off compared to the WinRS scheme - well that is what I think it said.
HarryPoorer wrote:Yes these illustrations are based on someone who earns over £30k a year over the past 30 years, Not your typical postie is it, maybe a brown nosed runner would earn that much.
There are many logistics drivers on nights that earn over 30k a year in pensionable pay. Class 1 driver nights. £550 basic Plus half night rate pensionable. Dunno exact figure close to £50, Over 31k pensionable pay.Class 2 drivers and above lose their PHG reserved rights. so £20 Ex PHG pay goes and full pensionable night rate drops to half pensionable. 7.5T Logistics drivers. with Ex PHG reserved rights. £491.96 Basic. £20 Ex PHG Pay. Full Pensionable night allowance. £97.44 Total pensionable pay per week. £609.30. Per year = £31.683.60 Pensionable pay.
There should have been illustrations for all grades in royal mail. Not 25k. 30k. 35k. etc etc. ie. Postie on earlies. postie on nights. MGV/MGVr. LGV/1/2 Earlies/Nights. Would have been alot easier to make head or tail of it.
BeamishStout wrote:Forgot to add whether anyone saw the pda message on 15th? Said 70% of members would be better off compared to the WinRS scheme - well that is what I think it said.
I saw some BS on there briefly as I was plodding about scanning away. I'd deleted it/changed screens before it really registered. I thought "Cheeky Buggers"
Like all Wage Slaves, he had two crosses to bear: The people he worked for and the people he worked with! (Stephen Vizinczey.)
