Is This True About The Pension??!

[Macca]

Currently Royal Mail are paying 20% to our 6% contributions because of the shortfall, they would normally pay 12.6%, us one third them two thirds, I have been reliably informed that if this new pension deal goes through then Royal Mail will only be paying in 11%?!

Anyone heard anything about this or know anything about this?


:cfo :lfo

[Big Daz]

What new deal?


Consultation period is still open


More talks to follow on pensions

CWU will ballot all its RM group members on any acceptable aggrements.


CWU PEC are NOT in aggement with RM current pension proposals.

[Macca]

What new deal?


Consultation period is still open


More talks to follow on pensions

CWU will ballot all its RM group members on any acceptable aggrements.


CWU PEC are NOT in aggement with RM current pension proposals.

Any deal regarding the pensions will be the 'NEW DEAL'

You talk about a consultation period that is still open, good time to have it was during the busiest time of year, christmas pressure, and expected reps etc to get release to attend meetings?! But many members feel them to be non-existent, and their views not being taken into account, so consider the PEC to have already agreed a deal with Royal Mail

And yes I know the membership will have the final say!

I never said the PEC were in agreement, all I asked was has anybody heard or seen what I was told by someone I consider to be a reliable source. I'm not trying to stir, just want to hear from other people who may have heard or read the same!!!

[dpb]

on the subject of the pension review, can any one tell me what form the promised cwu ballot will take.
ie will it be a simple yes or no to agree or reject the proposals,
or will it be a number of options from which you will be expected to choose one?

[borderscot]

on the subject of the pension review, can any one tell me what form the promised cwu ballot will take.
ie will it be a simple yes or no to agree or reject the proposals,
or will it be a number of options from which you will be expected to choose one?

or will it be like it or lump it

[Macca]

on the subject of the pension review, can any one tell me what form the promised cwu ballot will take.
ie will it be a simple yes or no to agree or reject the proposals,
or will it be a number of options from which you will be expected to choose one?

or will it be like it or lump it

It will probably be put to everyone as one deal, like or lump it, personally they can lump it!!!

:cfo :lfo

[Captain Scarlet]

Look what is happening to the airlines regarding their pensions, they can bring the majority of the country to it,s knees with a strike, so I wonder if Big Dave and Billy are watching and learning anything new!!
I do not wish these ideas to go thru but I hoped that for all the years of crud wages my pension would be the saving grace, how many of us with all these changes expected will be able to do the job after 60yrs of age?
My vote may be a drop in the ocean, but I hope that there is a tidal wave that follows and drowns the idea of change!!!

[Macca]

Look what is happening to the airlines regarding their pensions, they can bring the majority of the country to it,s knees with a strike, so I wonder if Big Dave and Billy are watching and learning anything new!!
I do not wish these ideas to go thru but I hoped that for all the years of crud wages my pension would be the saving grace, how many of us with all these changes expected will be able to do the job after 60yrs of age?
My vote may be a drop in the ocean, but I hope that there is a tidal wave that follows and drowns the idea of change!!!

Like you I've stayed in this job for one of two reasons, the pension and/or redundancy. I'm one of the so called unfortunate ones who fall into the bracket of those who are going to lose the most ie. been in the job for twenty years, aged about 40 and still have another 20 years left to do, on top of that, by the time I get to sixty, I will have paid in the full 40 years but wont be able to draw until 65 unless I want to lose about 25% of it!!!

If this deal comes in, then I'd probably be better off leaving the business and freezing my pension.....all because this company decided they didnt want pay the tax, so they took a pension holiday of 17 years even though they were told they needed to start putting back in after 5 years by the trustees??! So the likes of us, the little people in the grand scheme of things, have to pay for their sheer incompetence!


:cfo :lfo

[dpb]

on the subject of the pension review, can any one tell me what form the promised cwu ballot will take.
ie will it be a simple yes or no to agree or reject the proposals,
or will it be a number of options from which you will be expected to choose one?

or will it be like it or lump it

It will probably be put to everyone as one deal, like or lump it, personally they can lump it!!!

:cfo :lfo

the thing that bothers me is that we have been promised a ballot on changes to our pension. we have not been told what form that ballot will take. If you are setting a ballot then the type of ballot set is very important. if, for instance you offer a ballot paper with option a (one set of changes) and option b (another set of changes) on it , with the one that gets the most votes is the one thats adopted.so you have had your ballot as promised, but set in such a way that the only outcome is a change to your current pension terms.
i should imagine that most members believe that the promise of a ballot means that they will be given a chance to reject all changes to the pension , outright, with the option of action to resist any changes.
i would be surprised if this actualy turns out to be the case.

[lovejoy]

on the subject of the pension review, can any one tell me what form the promised cwu ballot will take.
ie will it be a simple yes or no to agree or reject the proposals,
or will it be a number of options from which you will be expected to choose one?

or will it be like it or lump it

It will probably be put to everyone as one deal, like or lump it, personally they can lump it!!!

:cfo :lfo

the thing that bothers me is that we have been promised a ballot on changes to our pension. we have not been told what form that ballot will take. If you are setting a ballot then the type of ballot set is very important. if, for instance you offer a ballot paper with option a (one set of changes) and option b (another set of changes) on it , with the one that gets the most votes is the one thats adopted.so you have had your ballot as promised, but set in such a way that the only outcome is a change to your current pension terms.
i should imagine that most members believe that the promise of a ballot means that they will be given a chance to reject all changes to the pension , outright, with the option of action to resist any changes.
i would be surprised if this actualy turns out to be the case.

Following the close of the consultation period - 16 Jan - Royal Mail will produce their 'final' proposals. We will get a ballot paper and i will simply say something along the lines of 'do you accept the proposed changes to the pensions scheme - YES OR NO'

IF the result is a NO then that is when we will have decisions to make. It is true that RM could just make the changes but they are unlikely to as the backlash would be so severe. In the event of a NO vote the common sense next step would have to be a full IA ballot of all CWU members in Royal Mail Group

[DGP1]

In the event of a NO vote the common sense next step would have to be a full IA ballot of all CWU members in Royal Mail Group

And do you think the union could get a better deal??

Or do you think that after the last debacle of IA many people would actually strike???

[Macca]

In the event of a NO vote the common sense next step would have to be a full IA ballot of all CWU members in Royal Mail Group

And do you think the union could get a better deal??

Or do you think that after the last debacle of IA many people would actually strike???

This is something that worries me, alot of peeps thought we were shafted even though the vote was 60 odd % in favour to accept, i for one voted to reject but then i always have and i wont change now. But your right, the two at the top Billy and Dave, have lost in my opinion alot of credibility amongst the rank and file for letting RM off the hook, with regards to getting a better deal, that i dont know, but i dont think what they are proposing is acceptable, yes, because of their incompetence we have to change and adapt the pension, i would personally work to 65 if i were going to get what some managers terms are, ie. a 45th of their salary as opposed to a 60th that we currently get, so if they work for 45 years within RM their pension will be equivelant to their actual salary not the two thirds or so we currently get.



:cfo :lfo

[Macca]

It is true that RM could just make the changes but they are unlikely to as the backlash would be so severe. In the event of a NO vote the common sense next step would have to be a full IA ballot of all CWU members in Royal Mail Group

I'm not sure RM could just make the changes, as they dont actually run the pensions, i could be wrong though. But another spin on that is, they could pull out of the pension and not pay anything in to it!

But your right, there would be such an uproar, not just within RM, but i believe the country, and if RM were allowed to get away with actually pulling out of the pension all together, it would have near catastrophic effects all over the country in other work pensions etc. But i dont think they would do it...........or would they???!!



:cfo :lfo

[dvbuk55]

If it is a straight YES/NO. I'm not convinced it will be. If it is, then what is the stance the CWU leadership is going to take? If they have already accepted that the pension scheme as is cannot be sustained and they have, then they have already accepted the proposals.

There are a number of issues that have been accepted at face value by the leadership and there doesn't seem to be any union activity to refute many of the statements propounded by RM, which are blatantly, if not untrue, slanted in favour of the draconian measures.

We all know that whatever the outcome of the "consultation" and the vote - no one is going on strike over an issue that may well not affect them for the next 25 years.

[lovejoy]

If it is a straight YES/NO. I'm not convinced it will be. If it is, then what is the stance the CWU leadership is going to take? If they have already accepted that the pension scheme as is cannot be sustained and they have, then they have already accepted the proposals.

There are a number of issues that have been accepted at face value by the leadership and there doesn't seem to be any union activity to refute many of the statements propounded by RM, which are blatantly, if not untrue, slanted in favour of the draconian measures.

We all know that whatever the outcome of the "consultation" and the vote - no one is going on strike over an issue that may well not affect them for the next 25 years.

You say there is no activity from the union but this goes back to my post some time again about branches. You are right that HQ have agreed to support the companies proposals but branches are challenging this and i believe if we piush hard enough the PEC will change its stance before the final reccomendation. My branch has sent out FREEPOST postcards for members to send to RM attacking their proposals. All reps are in the process of being given a pensions briefing / school and we are writing to every members house to encouage them tp get involved.

On you point about people not striking on pensions i couldn't disagree more. If you asked most union reps to name a few issues that would get their members on strike then Pensions would be on almost every list.