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Get this on the Pensions scandal

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.
geopip
Posts: 95
Joined: 19 May 2007, 09:25

Get this on the Pensions scandal

Post by geopip »

Did you know Lionel Sampson (Policy advisor to Dave Ward) and Paul Kennedy (Divisional Rep Midlands) get on top of their pay £20,000 per year as Trustees of the pension fund (to attend 4 meetings a year) in fact Royal Mail changed the Trustee rules to allow Lionel to continue on as a Trustee because you were supposed to be an employee of RM to be a Trustee and he clearly no longer is. The worry is both of them are supposed to represent us on the Trustee board and yet do they want to rock the boat with RM and put the £20,000 a year at risk? How come they did not notice that big black hole in the fund before? :coolr
crocodillapig
Posts: 93
Joined: 16 Aug 2007, 21:10

Post by crocodillapig »

must be somthing to do with rm/cwu policy on equal ops employment so we got the ones that are blind and stupid(or corrupt?)
kingkong
Posts: 7
Joined: 12 Nov 2007, 20:27

Post by kingkong »

How can they be independent if they are funded by royal mail????? No wonder they think the changes to the scheme are ok. :sad:
Sandyman
Posts: 252
Joined: 21 Sep 2007, 21:09
Gender: Male
Location: Hell in a handcart

Post by Sandyman »

Sampson was another one along with Billy Hayes who did a lot of tub thumping "Up The Workers" speeches at conference in the late 80's / early 90's to make a name for himself.

Once they get their noses in the trough, don't they change!!

Tossers.
Spanish practices - Que?
jafferpants
Posts: 727
Joined: 24 May 2007, 16:21
Location: OVER THE HILL

Re: Get this on the Pensions scandal

Post by jafferpants »

geopip wrote:Did you know Lionel Sampson (Policy advisor to Dave Ward) and Paul Kennedy (Divisional Rep Midlands) get on top of their pay £20,000 per year as Trustees of the pension fund (to attend 4 meetings a year) in fact Royal Mail changed the Trustee rules to allow Lionel to continue on as a Trustee because you were supposed to be an employee of RM to be a Trustee and he clearly no longer is. The worry is both of them are supposed to represent us on the Trustee board and yet do they want to rock the boat with RM and put the £20,000 a year at risk? How come they did not notice that big black hole in the fund before? :coolr
samson is a retired postman so he already draws his pension under the final salary scheme. nuff said
geopip
Posts: 95
Joined: 19 May 2007, 09:25

Re: Get this on the Pensions scandal

Post by geopip »

jafferpants wrote:
geopip wrote:Did you know Lionel Sampson (Policy advisor to Dave Ward) and Paul Kennedy (Divisional Rep Midlands) get on top of their pay £20,000 per year as Trustees of the pension fund (to attend 4 meetings a year) in fact Royal Mail changed the Trustee rules to allow Lionel to continue on as a Trustee because you were supposed to be an employee of RM to be a Trustee and he clearly no longer is. The worry is both of them are supposed to represent us on the Trustee board and yet do they want to rock the boat with RM and put the £20,000 a year at risk? How come they did not notice that big black hole in the fund before? :coolr
samson is a retired postman so he already draws his pension under the final salary scheme. nuff said
Plus his £30,000+ per year as a Policy advisor and the £20,000 as a Trustee. It's not such a bad life :dance
kingkong
Posts: 7
Joined: 12 Nov 2007, 20:27

Re: Get this on the Pensions scandal

Post by kingkong »

geopip wrote:
jafferpants wrote:
geopip wrote:Did you know Lionel Sampson (Policy advisor to Dave Ward) and Paul Kennedy (Divisional Rep Midlands) get on top of their pay £20,000 per year as Trustees of the pension fund (to attend 4 meetings a year) in fact Royal Mail changed the Trustee rules to allow Lionel to continue on as a Trustee because you were supposed to be an employee of RM to be a Trustee and he clearly no longer is. The worry is both of them are supposed to represent us on the Trustee board and yet do they want to rock the boat with RM and put the £20,000 a year at risk? How come they did not notice that big black hole in the fund before? :coolr
samson is a retired postman so he already draws his pension under the final salary scheme. nuff said
Plus his £30,000+ per year as a Policy advisor and the £20,000 as a Trustee. It's not such a bad life :dance
I'd like to be a trustee!!!