LTB 475/20 - ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS

Post by **POSTMAN** » 29 Sep 2020, 15:58

https://www.cwu.org/ltb/ltb-475-20-roya ... tatements/" onclick="window.open(this.href);return false;

LTB 475/20 – ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS
No. 475/2020

29th September 2020

Dear Colleagues,

ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS

Branches and Representatives are advised that the annual pension statements (as at 31st March 2020) for members in the Defined Benefit (DB) pension scheme (closed on 1st April 2018 for Royal Mail members) are due to arrive in the coming days as follows:

Royal Mail Pension Plan (RMPP) – Newsletter and statement from the RMPP Trustee for benefits built up between 1st April 2012 and 1st April 2018 when the scheme closed for Royal Mail members. This statement is consistent with previous publications.

Royal Mail Statutory Pension Scheme (RMSPS) – Newsletter and statement for all benefits built up before 1st April 2012 (the date of the privatisation of Royal Mail, at which point the Government took over the scheme). The RMSPS is now administered by Capita.

A sample – “template” statement for each of the above is attached to this LTB for your information. We are sharing these statements to alert you to this development. It should be noted this is the first time former DB scheme members will receive two separate statements since the Government awarded the contract to administer the RMSPS to Capita. Both statements give a clear definition as to which areas of members’ pensions are covered. In addition, the RMPP Trustee has taken the positive initiative to launch a revamped website which includes some short video animation “explainers”. One of these will be focusing on “understanding your benefit statement” and is intended to help guide members through the new documents and help them understand the separation and distinction between RMPP and RMSPS. The link is as follows:

https://www.royalmailpensionplan.co.uk/ ... ia-library" onclick="window.open(this.href);return false;

If members have any questions regarding their pension statements, please direct them to the following:

RMPP (Administered by Royal Mail)
Email pensions.helpline@royalmail.com
Phone 0345 603 0043

RMSPS (Administered by Capita)
Email enquiries@rmsps.co.uk
Phone 0333 222 0078

Any enquiries in relation to the content of this LTB should be addressed to the DGS(P) Department.

Yours sincerely,

Andy Furey

Acting Deputy General Secretary (Postal)

http://www.cwu.org/wp-content/uploads/2 ... MENT-1.pdf" onclick="window.open(this.href);return false;

http://www.cwu.org/wp-content/uploads/2 ... MENT-2.pdf" onclick="window.open(this.href);return false;

Hawkey99 · Post by **Hawkey99** » 29 Sep 2020, 18:07

Some decent videos which I hadn’t seen before......

Post by **freespeech** » 29 Sep 2020, 21:07

POSTMAN wrote:https://www.cwu.org/ltb/ltb-475-20-roya ... tatements/

LTB 475/20 – ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS
No. 475/2020

29th September 2020

Dear Colleagues,

ROYAL MAIL: RMPP AND RMSPS ANNUAL PENSION STATEMENTS

Branches and Representatives are advised that the annual pension statements (as at 31st March 2020) for members in the Defined Benefit (DB) pension scheme (closed on 1st April 2018 for Royal Mail members) are due to arrive in the coming days as follows:

Royal Mail Pension Plan (RMPP) – Newsletter and statement from the RMPP Trustee for benefits built up between 1st April 2012 and 1st April 2018 when the scheme closed for Royal Mail members. This statement is consistent with previous publications.

Royal Mail Statutory Pension Scheme (RMSPS) – Newsletter and statement for all benefits built up before 1st April 2012 (the date of the privatisation of Royal Mail, at which point the Government took over the scheme). The RMSPS is now administered by Capita.

A sample – “template” statement for each of the above is attached to this LTB for your information. We are sharing these statements to alert you to this development. It should be noted this is the first time former DB scheme members will receive two separate statements since the Government awarded the contract to administer the RMSPS to Capita. Both statements give a clear definition as to which areas of members’ pensions are covered. In addition, the RMPP Trustee has taken the positive initiative to launch a revamped website which includes some short video animation “explainers”. One of these will be focusing on “understanding your benefit statement” and is intended to help guide members through the new documents and help them understand the separation and distinction between RMPP and RMSPS. The link is as follows:

https://www.royalmailpensionplan.co.uk/ ... ia-library" onclick="window.open(this.href);return false;

If members have any questions regarding their pension statements, please direct them to the following:

RMPP (Administered by Royal Mail)
Email pensions.helpline@royalmail.com
Phone 0345 603 0043

RMSPS (Administered by Capita)
Email enquiries@rmsps.co.uk
Phone 0333 222 0078

Any enquiries in relation to the content of this LTB should be addressed to the DGS(P) Department.

Yours sincerely,

Andy Furey

Acting Deputy General Secretary (Postal)

http://www.cwu.org/wp-content/uploads/2 ... MENT-1.pdf" onclick="window.open(this.href);return false;

http://www.cwu.org/wp-content/uploads/2 ... MENT-2.pdf" onclick="window.open(this.href);return false;

Ideal......looks like both have NRA60 and 65 breakdowns. Things are looking up!

roadrunner bill · Post by **roadrunner bill** » 01 Oct 2020, 10:07

So before 2012 , the government take over your pension, is that still section c ?

Post by **stephen500** » 01 Oct 2020, 14:43

Note "final pensionable pay" for the RMSPS (capita) illustration is up till when the final salary scheme ceased and will show as less than your current pensionable pay.

vmaxv4 · Post by **vmaxv4** » 01 Oct 2020, 15:16

Received mine from RMSPS today.

charli67 · Post by **charli67** » 01 Oct 2020, 19:49

vmaxv4 wrote:Received mine from RMSPS today.

so did i. after registering for access it said you do not have permission to access this site!

mags999 · Post by **mags999** » 01 Oct 2020, 20:49

got mine today but couldnt find the illustration for the nr65 pension from 2012 to 2018 any body got any clue why it isnt on

Post by **RobertT** » 01 Oct 2020, 21:02

mags999 wrote:got mine today but couldnt find the illustration for the nr65 pension from 2012 to 2018 any body got any clue why it isnt on

The 2012-2018 figures will be coming separately from the RMPP.

Although NRA65 obviously relates to pension accrued 2010-2018.

vmaxv4 · Post by **vmaxv4** » 01 Oct 2020, 21:13

mags999 wrote:got mine today but couldnt find the illustration for the nr65 pension from 2012 to 2018 any body got any clue why it isnt on

I’m in receipt of my NRA60 so no info in any of those boxes. But my NRA65 information was present & correct. (I’d asked for a Early Pension Estimate a few weeks ago) ..

Post by **arsenalbob** » 02 Oct 2020, 11:32

I got a confusing statement today. My NRA 65 pension has dropped over 3 grand a year and no mention of the cash pot which was nearly 5 grand last year

Post by **RobertT** » 02 Oct 2020, 13:46

arsenalbob wrote:I got a confusing statement today. My NRA 65 pension has dropped over 3 grand a year and no mention of the cash pot which was nearly 5 grand last year

Why is it confusing?

The first post on this thread says we'll be getting two statements this year, and presumably from now on.

The one you've received is from the RMSPS, which is for benefits accrued up to 31st March 2012.
The other one will be from the RMPP, which is for benefits accrued from 1st April 2012.

Seems simple enough to me.