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!

RM Engineer Pensioner

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.
mickspark
Posts: 1
Joined: 03 Sep 2018, 14:51
Gender: Male

RM Engineer Pensioner

Post by mickspark »

Ex-PO engineer and RM pensioner, hello all I'm concerned about what is happening to the pension, will we now have to pay for the admin of our pensions now that some private firm has got hold of it? Mick Spark
RobertT
EX ROYAL MAIL
Posts: 6645
Joined: 09 Sep 2007, 14:26
Gender: Male

RM Engineer Pensioner

Post by RobertT »

No, there is no charge to either current pensioners or employees. There never has been and I see no reason why there should be!

The government took over all the assets and liabilities for our pensions up to 2012 and they have been paying over £5 million per year for the admin of that part – now known as the RMSPS.

But they have now put Capita in charge who are charging the government less per year. This link gives you some info.
Links to all RM pension related websites are here